Will Intertek turn, or will it rise back to July highs of 6073p?

• Breakout above 5323p to trade 5364p  (at time of writing).
• The ‘trend is your friend’. Will it continue towards 6073p?
• Shares -0.5% from 2019 highs; +17.1% from 2019 lows; +11.8% year-to-date.
• 5 Mar: Intertek hikes dividend by 40%; expects good organic growth
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Intertek – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue to 6073p . You decide to buy exposure to £10,000 worth of Intertek using a CFD, at the current price 5364p (at time of writing). To do this, you need £2,000.

Let’s assume the Intertek trend continues upwards to 6073p (+7.7%). Your profit would be £770, 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.