Is this breakout a good trade for you?

Will Kier Group turn, or will it continue to break upwards beyond 1101p?

• The above chart shows the last 6 months price action.
• It has recently broken above the key 984p level.
• The trend is your friend’. Will it continue?
• End-August, Numis said the UK Construction Industry was emerging from a 3yr “perfect storm”
• Numis said investors should “take an overweight stance on the sector ahead of normalizing returns”

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Trading Kier Group – 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 Kier Group using a CFD, at the current price of 1019p. To do this, you need £2000.

Let’s assume Kier’s trend continues to 1101p. Your profit would be £805, from your initial investment of £2000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price, at 968p. Kier’s 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.