Will Intertek turn, or will it continue to rise beyond 4750p?

• The chart shows the last 6 weeks’ price action for Intertek.
• The shares have broken above mid-October highs to trade 4716.5p (at time of writing).
• The ‘trend is your friend’. Will it continue?
• Shares -25.0% from 2018 highs; +5.5% from 2018 lows; -9.2% year-to-date.
• Intertek is involved in testing, inspection and certification
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading Intertek– 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 Intertek using a CFD, at the current price of 4716.5p. To do this, you need £2,000.

Let’s assume the Intertek trend continues to 5067p July highs (+7.4%). Your profit would be £740, 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. Intertek 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.