Will Hill & Smith break resistance, or will it fall back to 1078p?

• 1078-1193p falling range, trading off the top of the range
• Now trades 1187p (at time of writing)
• Will the pattern repeat itself, testing previous 1078p lows?
• Shares -3.0% from 2019 highs; +9.1% from 2019 lows; -1.1 year to date
• 22 Feb: Completes ATG Access acquisition and extends debt facility to 2024
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Hill & Smith – An Example

Let’s say you like the range, you think it’s heading back towards 1078p again. You decide to sell exposure to £10,000 worth of Hill & Smith using a CFD, at the current price of 1187p. To do this, you need £2,000.

Let’s assume Hill & Smith fall back to 1078p (-9.2%). Your profit would be £920, 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. Hill & Smith rises 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.