Will Johnson Matthey turn, or will it continue to rise towards 2018 highs of 3800p?

• Shares +30%+ from December lows; Breakout above 3200p 
• Now trading 3327p (at time of writing);
• Will the positive momentum continue towards last year’s highs of 3800p?
• Shares -1% from 2019 highs; +30% from 2019 lows; Flat year-to-date
• 4th April. “Rhodium demand  (used in catalytic converters) will reamin strong” say Johnson Matthey
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Johnson Matthey – 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 Johnson Matthey using a CFD, at the current price of 3325p. To do this, you need £2,000.

Let’s assume the Johnson Matthey trend continues to 2018 highs around 3800p (+12%). Your profit would be £1200, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 7% from the current price. Johnson Matthey falls 7% and hits your stop-loss. Your loss would be £700.

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