Mediclinic
Is this breakout a good trade for you?
Will Mediclinic turn, or will it continue to rise towards 355p (+9%)?
- Breakout above 319p; Now trading 323p (at time of writing).
- Will the shares rally back to 355p highs (+9%)?
- Shares -9.5% from 2019 highs; +12.1% from 2019 lows; +0.2% year-to-date
- 3 Jun: Earnings to top hopes in 2019-20 says Bank of America
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Mediclinic – An Example
Let’s say the breakout appeals to you, you think it’s likely to continue towards 355p. You decide to buy exposure to £10,000 worth of Mediclinic using a CFD, at the current price of 323p. To do this, you need £2,000.
Let’s assume the Mediclinic trend continues to highs of 355p (+9%). Your profit would be £900, 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. Mediclinic 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.