Will Intertek turn, or will it continue to rise to 6073p July highs?

• Shares +15% from recent lows; Now 5361p (at the time of writing).
• Will the positive momentum take them back to July’s 6073p highs?
• Shares -0.5% from 2019 highs; +16.9% from 2019 lows; +11.6% year-to-date.
• 5 Mar: Intertek hikes dividend by 40%; expects good organic growth
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Intertek – 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 Intertek using a CFD, at the current price of 5361p. To do this, you need £2,000.

Let’s assume the Intertek  trend continues to 6073p July highs (+13.2%). Your profit would be £1320, 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. Intertek 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.