Will NMC Health turn, or will it fall below current 2545p?

• The chart shows the NMC Health price action since mid-November.
• Shares in a 2-month downtrend from 3765p November highs; now at 2545p.
• Shares -5.3% from 2019 highs; now trade at 2019 lows; -7.2% 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 28% in the past 5 weeks.
• Will this momentum continue toward July 2017 low of 2068p?
• 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 2545p. To do this, you need £2,000.

Let’s assume NMC Health trend continues to 2068p July 2017 lows (-18.7%). Your profit would be £1870, 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. NMC Health rises 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.