Will Genus turn, or will it continue to rise to 2599p mid-Sept highs?

• Shares +12.9% in less than 2 weeks.
• 28 Feb: Animal-genetics company reported results in-line with expectations.
• Now trading 2406p (at the time of writing).
• Will the positive momentum continue to 2599p mid-Sept highs?
• Shares -0.6% from 2019 highs; +13.4% from 2019 lows; +12.1% year-to-date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Genus – 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 Genus using a CFD, at the current price of 2406p. To do this, you need £2,000.

Let’s assume the Genus trend continues to 2599p mid-Sept highs (+8%). Your profit would be £800, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Genus falls 3% and hits your stop-loss. Your loss would be £300.

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