Will Hunting turn, or will it continue to fall to 2017 lows of 376p?

• The chart shows the Hunting price action since early October.
• Shares in a 2.5-month downtrend from 823p October highs; now at 450.8p.
• Shares -50.4% from 2018 highs; now trades at 2018 lows; -25.6% year-to-date
• 17 Dec: Recent results highlighted weakness in US onshore energy market.
• In the past month, the shares have fallen 24%. Will this momentum continue?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Hunting – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to sell exposure to £10,000 worth of Hunting using a CFD, at the current price of 450.8p. To do this, you need £2,000.

Let’s assume Hunting trend continues to 2017 lows of 376p (-16.6%). Your profit would be £1660, 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. Hunting rises 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.