Will NMC Health turn, or will it continue beyond 4000p recent high?

• The chart shows the NMC Health price action since early September.
• Shares in a monthlong uptrend from 3000p October lows; now at 3630p.
• Shares -18.6% from 2018 highs; +25% from 2018 lows; +25.6% year-to date
• 22 Oct: Healthcare group upgraded its FY guidance, raising its revenue outlook.
• The shares have risen over 14% in the past month.
• Will this momentum continue?
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading NMC Health – 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 NMC Health using a CFD, at the current price of 3630p. To do this, you need £2,000.

Let’s assume NMC Health trend continues to 4000p (+10.1%). Your profit would be £1010, 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. NMC Health falls 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.