Will Ashmore Group turn back, or will it continue breaking its all time high?

• Shares +16% in 2 weeks; Now 472p (at the time of writing).
• Will the record high turn back to the previous 414p lows?
• Share performance has been positively influenced by Ashmore beating 3Q Inflow expectations.
• Shares -2.36% from 2019 highs; +32.4% from 2019 lows; +28.99% year-to-date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Ashmore Group – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Ashmore Group using a CFD, at the current price of 472p. To do this, you need £2,000.

Let’s assume the Ashmore Group  trend continues to 600p July highs (+21%). Your profit would be £2100, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. Ashmore Group falls 4% and hits your stop-loss. Your loss would be £400.

This is provided for information purposes only. It should not be taken as a recommendation.