Will Ashtead turn, or will it continue to rise towards Sept highs of 2449p?

• Breakout above 2068p to trade 2130p  (at time of writing).
• Shares +22% from recent low
• The ‘trend is your friend’. Will it continue towards Sept highs of 2449p?
• Shares -0.3% from 2019 highs; +34.5% from 2019 lows; +30.3% year-to-date.
• Exposure to buoyant US economy helping sentiment
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Ashtead – An Example

Let’s say the breakdown appeals to you, you think it’s likely to continue to 2449p . You decide to buy exposure to £10,000 worth of Ashtead using a CFD, at the current price 2130p (at time of writing). To do this, you need £2,000.

Let’s assume the Ashtead trend continues towards 2449p? (+14.9%). Your profit would be £1490, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Ashtead falls 5% and it hits your stop-loss. Your loss would be £500.

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