Will Ferrexpo turn, or will it continue to rise towards March highs of 320p?

• Breakout above 280p; Now trading 294p (at time of writing).
• Could they recover to Mar highs of 320p (+8%)
• Shares -15% from 2019 highs; +20% from 2019 lows; -11% year-to-date
• Gold/silver prices rally on fading hopes of a quick US-China trade deal
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Ferrexpo – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 320p. You decide to buy exposure to £10,000 worth of Ferrexpo susing a CFD, at the current price of 320p. To do this, you need £2,000.

Let’s assume the Ferrexpo trend continues to highs of 320p (+7%). Your profit would be £700, 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. Ferrexpo 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.