Evraz
Is this breakout a good trade for you?
Will Evraz turn, or will it continue up towards 672p?
- Breakout above 618p to trade 626p (at time of writing).
- The ‘trend is your friend’. Will it continue towards 672p?
- Shares 6.9% from 2019 highs; +44% from 2019 lows; +30.6% year-to-date.
- 29 April: Consolidated Crude output +12.4% QoQ; Steel product sales +8.4%
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
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Trading Evraz – An Example
Let’s say the breakout appeals to you, you think it’s likely to continue to 672p . You decide to buy exposure to £10,000 worth of Evraz using a CFD, at the current price 626p (at time of writing). To do this, you need £2,000.
Let’s assume the Evraz trend continues upwards to 672p (+7.3%). Your profit would be £730, 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 breaks lower, falling 3% and it hits your stop-loss. Your loss would be £300.
This is provided for information purposes only. It should not be taken as a recommendation.