Will Evraz continue falling, or will it recover recent 679p highs (+8.5%)?

• Shares -8% from recent highs;
• Now trading 625p (at time of writing).
• Can the stock recover to recent 679p highs (+8.5%)?
• Shares -12.2% from 2019 highs; +43.2% from 2019 lows; +29.7% year-to-date.
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Evraz – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 679p recent highs. You decide to buy exposure to £10,000 worth of Evraz using a CFD, at the current price of 625p. To do this, you need £2,000.

Let’s assume Evraz recovers back to 679p recent highs (+8.5%). Your profit would be £850, 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.