Will Evraz break lower, or will it rise to 496p again?

• Range since late November; bounced 5 times; Now 468p (at time of writing).
• Will the pattern repeat itself, testing previous highs?
• Shares -22.1% from 2018 highs; +38.9% from 2018 lows; -2.7% year-to-date
• 27 Dec: Evraz exploring possible options over coal assets of Sibuglemet
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Evraz – An Example

Let’s say you like the Evraz range, you think it’s heading back towards 496p again. You decide to buy exposure to £10,000 worth of Evraz using a CFD, at the current price of 468p. To do this, you need £2,000.

Let’s assume Evraz rises back to 496p (+6.0%). Your profit would be £600, 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. Evraz 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.