Will Evraz turn, or will it continue to rise to April highs of 672p?

• Shares +8% since last week’s lows; Now trading 605p (at the time of writing).
• Will the positive momentum continue towards April highs of 672p?
• Shares -10.1% from 2019 highs; +39.1% from 2019 lows; +26.1% year-to-date.
• 29 Apr: Q1 crude steel output +12.4% QoQ; Total steel product sales +8.4%
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Evraz – 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 Evraz using a CFD, at the current price of 605p. To do this, you need £2,000.

Let’s assume the Evraz trend continues to April highs of 672p (+11%). Your profit would be £1100, 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. Evraz 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.