Will Petrofac continue falling, or will it rise again back to 473p highs (+12%)?

• Shares -13% from recent highs; Now trades 419p (at time of writing).
• Can the stock recover to recent 473p highs (+12%)?
• Shares -2.2% from 2019 highs; +25.5% from 2019 lows; -11.3% year-to-date.
• 25 Jun: Petrofac shares slip as new orders take a knock
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Petrofac – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards recent high of 473p. You decide to buy exposure to £10,000 worth of Petrofac using a CFD, at the current price of 419p. To do this, you need £2,000.

Let’s assume Petrofac recovers back to 473p highs (+12%). Your profit would be £1200 from your initial investment of £1200.

Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. Petrofac falls 4% and hits your stop-loss. Your loss would be £400.

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