Will Renishaw turn, or will it continue to rise to 4695p highs (+13.6%)?

• Shares +11% from recent lows; Breakout 
• Now 4133p (at the time of writing).
• Will the positive momentum take them back to 4695p highs (+13.6%)?
• Shares -12.6% from 2019 highs; +17.7% from 2019 lows; -2.6% year-to-date.
• 14 May: Pretax profit fell, revenues rose in Q1
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Renishaw – 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 Renishaw using a CFD, at the current price of 4133p. To do this, you need £2,000.

Let’s assume the Renishaw trend continues to 4695p highs (+13.6%). Your profit would be £1360, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. Renishaw falls 4% and hits your stop-loss. Your loss would be £400.

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