Will NMC continue falling, or will it recover to 2949p April highs?

• NMC fell 18.4% since April highs
• Already bounced +3.1% from this yesterday’s lows.
• Now trades 2475p (at time of writing).
• Shares -17.9% from 2019 highs; +17.3% from 2019 lows; -9.5% year-to-date.
• Can the stock recover to 2949p April highs?
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading NMC Health  – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 2949p. You decide to buy exposure to £10,000 worth of NMC using a CFD, at the current price of 2475p. To do this, you need £2,000.

Let’s assume NMC recovers back to 2949p recent highs (+19.1%). Your profit would be £2060, 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. NMC 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.