Will Johnson Matthey turn, or will it continue to rise towards April highs of 3470p (+6.4%)?

• Shares +8%+ from recent lows; Breakout above 3222p 
• Now trading 3261p (at time of writing);
• Will the positive momentum continue towards April highs of 3470p (+6.4%_?
• Shares -6.2% from 2019 highs; +22.9% from 2019 lows; +16.5% year-to-date
• 3 Jun: FY 2019 Results beating peers and expectations says Berenberg
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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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 3261p. To do this, you need £2,000.

Let’s assume the Johnson Matthey trend continues to April highs of 3470p (+6.4%). Your profit would be £640, 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. Johnson Matthey 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.