Mediclinic
A range trading opportunity for you?
Will Mediclinic break support, or will it rise again to 355p (+14%)?
- 293-355p range since December; Now trading 309p (at time of writing)
- Will the pattern repeat itself, shares testing 355p highs?
- Shares -13.4% from 2019 highs; +5.4% from 2019 lows; -4.2% year-to-date
- 3 Jun: Earnings to top hopes in 2019-20 says BoAML
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading Mediclinic – An Example
Let’s say you like the range, you think it’s heading back towards 355p again. You decide to Buy exposure to £10,000 worth of Mediclinic using a CFD, at the current price of 309p. To do this, you need £2,000.
Let’s assume Mediclinic rises back to range ceiling at 355p (+14%). Your profit would be £1400, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Mediclinic falls 5% and hits your stop-loss. Your loss would be £500.
This is provided for information purposes only. It should not be taken as a recommendation.