Evraz
Is this breakout a good trade for you?
Will Evraz turn, or will it continue down towards 584p?
- Breakdown under 582p to trade 574p (at time of writing).
- The ‘trend is your friend’. Will it continue towards 445p?
- Shares -10.2 from 2018 highs; +60.2% from 2018 lows; +11.8% year-to-date.
- 25 April: Evraz Plc Acquisition of 100% in LLC Zapadnye Vorota
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
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Trading Evraz – An Example
Let’s say the breakdown appeals to you, you think it’s likely to continue to 445p . You decide to sell exposure to £10,000 worth of Evraz using a CFD, at the current price 574p (at time of writing). To do this, you need £2,000.
Let’s assume the Evraz trend continues downwards to 445p (+28.6%). Your profit would be £2860, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 8% from the current price. Evraz breaks higher, rising 8% and it hits your stop-loss. Your loss would be £800.
This is provided for information purposes only. It should not be taken as a recommendation.