Is this breakout a good trade for you?

Will Hunting turn, or will it continue to break upwards beyond 875p?

• The chart shows the last 3 weeks’ price action.
• It has recently broken above the key 796p level.
• The ‘trend is your friend’. Will it continue?
• On 30 Aug UBS said “Hunting’s first-half results beat expectations and the shares are in line for upgrades”
• Oil services company, manufacturing and distributing products enabling extraction of oil & gas.

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Trading Hunting – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Hunting using a CFD, at the current price of 815p. To do this, you need £2,000.

Let’s assume Hunting trend continues to 875p. Your profit would be £736, 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, at 774p. Hunting trend breaks down, falling 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.