Will Aggreko break support, or will it rise back to 773p?

• 693p support since mid-Dec; bounced 3 times to trade 705p (at time of writing)
• Will the pattern repeat itself, rising back to 773p?
• Shares -20.9% from 2018 highs; +10.7% from 2018 lows; -3.7% year-to-date.
• 14 Dec: Wins $200m contract to supply temporary electricity for Tokyo Olympics
• 14 Dec: Aggreko confident to achieve mid-teens ROCE target in 2020
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Aggreko – An Example

Let’s say you like the Aggreko range, you think it’s heading back up to 773p again. You decide to buy exposure to £10,000 worth of Aggreko using a CFD, at the current price of 705p. To do this, you need £2,000.

Let’s assume Aggreko rises back to 773p (+9.6%). Your profit would be £960, 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. Aggreko 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.