Will AstraZeneca turn, or will it continue up towards 6630p?

• Breakout above 6088p to trade 6199p  (at time of writing).
• The ‘trend is your friend’. Will it continue towards 6630p?
• Shares -4.4% from 2018 highs; +35.3% from 2018 lows; +5.6% year-to-date.
• 14 Feb: Liberum says things can only get better at AstraZeneca
• 14 Feb: Q4 results beat expectations; shares rose more than 7%
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading AstraZeneca– An Example

Let’s say the breakout appeals to you, you think it’s likely to continue to 6630p . You decide to buy exposure to £10,000 worth of AstraZeneca using a CFD, at the current price 6199p (at time of writing). To do this, you need £2,000.

Let’s assume the AstraZeneca trend continues upwards to 6630p (+6.9%). Your profit would be £690, 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. AstraZeneca 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.