Will AstraZeneca turn, or will it continue to rise to 6539p highs?

• Shares +7.5% from recent lows; Now trading 6046p (at the time of writing).
• Will the positive momentum continue towards 6539p?
• Shares -7.9% from 2019 highs; +13.4% from 2019 lows; +2.6% year-to-date.
• 20 May: FASENRA reduces oral corticosteroid use
• 13 May: Roxadustat results not a cause for concern says Morgan Stanley
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading AstraZeneca – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of AstraZeneca using a CFD, at the current price of 6046p. To do this, you need £2,000.

Let’s assume the AstraZeneca trend continues to 6539p Jan highs (+8.1%). Your profit would be £810, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. AstraZeneca falls 3% and hits your stop-loss. Your loss would be £300.

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