Will Ferrexpo turn, or will it continue to rise to 304p highs?

• Shares +23% from recent lows with breakout above 259p
• Now 263p (at the time of writing).
• Will the positive momentum take them back to 304p highs?
• Shares -13.8% from 2019 highs; +47% from 2019 lows; +35.3% year-to-date
• 7 Jun: Ferrexpo expects H1 Profit growth; Appoints Director amid charity review
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Ferrexpo – 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 Ferrexpo using a CFD, at the current price of 263p. To do this, you need £2,000.

Let’s assume the Ferrexpo trend continues to 304p highs (+15%). Your profit would be £1500, 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. Ferrexpo 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.