Will Spirax Sarco turn, or will it continue to rise towards 10,000p?

• Breakout from bullish flag pattern above
• Now trading 8,442p (at time of writing).
• Could they rise to fresh record highs of 10,000p?
• Shares -0.6% from 2019 highs; +42.2% from 2019 lows; +35.3% year-to-date
• 7 Mar: Dividend increased by 15% after full year results
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Spirax Sarco – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 10,000p. You decide to buy exposure to £10,000 worth of Spirax Sarco using a CFD, at the current price of 8,442p. To do this, you need £2,000.

Let’s assume the Spirax Sarco trend continues to new record highs of 10,000p (+18%). Your profit would be £1800, 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. Spirax Sarco breaks lower, 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.