Will Renishaw continue falling, or will it recover to 4690p April highs?

• Renishaw shares -24.9% since April highs of 4690p.
• Shares bounced +8.3% from today’s worst levels.
• Now trades 3821p (at time of writing).
• 14 May: Renishaw Pretax Profit Fell, Revenue Rose in First Three Quarters of FY 2019
• Shares -18.5% from 2019 highs; +9.3% from 2019 lows; -9% year-to-date.
• Can the stock recover to recent highs?
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Renishaw – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 4690p recent highs. You decide to buy exposure to £10,000 worth of Renishaw using a CFD, at the current price of 3821p. To do this, you need £2,000.

Let’s assume Renishaw recovers back to 4690p recent highs (+22.7%). Your profit would be £2270, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Renishaw falls 5% and hits your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.