Will Balfour Beatty turn, or will it continue to rise towards highs of 274p (+11%)?

• Breakout above 243p to trade 246p (at time of writing).
• Shares +12% from recent lows
• The ‘trend is your friend’. Will it continue towards highs of 274p (+11%)?
• Shares -16.7% from 2019 highs; +12% from 2019 lows; -1.2% year-to-date.
• 31 May: Balfour Beatty joint venture secures $1.7B Texas road contract
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Balfour Beatty – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue to 274p . You decide to buy exposure to £10,000 worth of Balfour Beatty using a CFD, at the current price 246p (at time of writing). To do this, you need £2,000.

Let’s assume the Balfour Beatty trend continues towards 274p? (+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. Balfour Beatty falls 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.