Is this breakout a good trade for you?

Will NMC Health turn, or will it continue to break upwards beyond 3560p?

• The chart shows the last 4 weeks of price action for NMC Health.
• The shares have broken above a resistance line at 3380p.
• The ‘trend is your friend’. Will it continue?
• Shares made bullish reversal from 6-month lows
• Shares -22.6% from 2018 highs; +18.7% from 2018 lows; +23.2% year-to-date
• Best performing shares on the UK 100 today; +5.3%
• UK-focused peers Spire & MediClinic trade around all-time lows; NMC = Middle East focused and its shares sit 20% below record highs and +1,700% since their March 2012 IPO/

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Trading NMC Health– 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 NMC Health using a CFD, at the current price of 3559p. To do this, you need £2,000.

Let’s assume the NMC Health trend continues to late August highs of 3984p (+11.9%). Your profit would be £1194, 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. NMC Health 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.