Is this trend a good trading opportunity?

Will Evraz turn, or will it continue to march upwards beyond 563p?

• The chart shows last two months of price action.
• Shares in a week-long uptrend from September’s 463p lows.
• Shares are now at 530p.
• Shares broken above September’s previous high of 527p.
• Evraz shares are -11% from 2018 highs; +54% from 2018 lows; 56% year-to-date
• In the last week, shares rose close to 14%. Will the momentum continue?

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Trading Evraz – 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 Evraz  using a CFD, at the current price of 530p. To do this, you need £2,000.

Let’s assume Evraz trend continues to 563p. Your profit would be £622, 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, at 530p. Evraz falls 5% and hits your stop-loss. Your loss would be £500.

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