Will NMC Health turn, or will it continue beyond 2662p March lows?

• The chart shows the NMC Health price action since late November.
• Shares in a 3-week downtrend from 3765p November highs; now at 2808p.
• Shares -33.5% from 2018 highs; +2% from 2018 lows; -2.6% year-to date
• 10 Dec: NMC Health’s plans to expand in Saudi Arabia could face hurdles, says Jefferies
• The shares have fallen close to 22% in the past 3 weeks.
• Will this momentum continue?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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 sell exposure to £10,000 worth of NMC Health using a CFD, at the current price of 2808p. To do this, you need £2,000.

Let’s assume NMC Health trend continues to 2662p March lows (-5.2%). Your profit would be £520, 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. NMC Health rises 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.