Will Aggreko turn, or will it continue to rise towards Oct highs of 887p?

• Breakout above 800p to trade 818p  (at time of writing).
• The ‘trend is your friend’. Will it continue towards 887p?
• Shares -0.8% from 2019 highs; +18% from 2019 lows; +11.7% year-to-date.
• 6 Mar: Aggreko confident it can meet mid-teens returns Target in 2020
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Aggreko – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue to 887p . You decide to buy exposure to £10,000 worth of Aggreko using a CFD, at the current price 818p (at time of writing). To do this, you need £2,000.

Let’s assume the Aggreko trend continues upwards to 887p (+8.4%). Your profit would be £840, 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. Aggreko 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.