Will Renishaw break support, or will it rise back to 4695p? (+18%)

• 3636-4695p range; Now 3698p (at time of writing)
• Will the pattern repeat itself, rising back to 4695p?
• Shares -15.9% from 2019 highs; +13.3% from 2019 lows; -6.3% year-to-date.
• 21 Mar: Share-price fall is a chance to Buy says Panmure
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Renishaw – An Example

Let’s say you like the range, you think it’s heading back towards 4695p again. You decide to buy exposure to £10,000 worth of Renishaw using a CFD, at the current price of 3698p. To do this, you need £2,000.

Let’s assume Renishaw rises to 4695p (+26%). Your profit would be £2600, 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.