Will Spirax-Sarco  turn, or will it continue to rise to 9000p highs?

• Shares +20% from March lows.
• Now trading 8347p, an all time high level (at the time of writing).
• Will the positive momentum take them to 9000p new highs?
• Shares -0.4% from 2019 highs; +40.8% from 2019 lows; +33.9% year-to-date
• 7 Mar: Profit before tax increased by 50% in 2018 as higher revenues reported.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Spirax-Sarco – 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 Spirax-Sarco using a CFD, at the current price of 8347p. To do this, you need £2,000.

Let’s assume the Spirax-Sarco trend continues to 9000p highs (+7.8%). Your profit would be £670, 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. Spirax-Sarco 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.