A range trading opportunity for you?

Will Spectris break support, or will it rise again back to 2460p?

• The Spectris range has developed over the last 2.5 months
• Bounced off 2270p zone 6 times. Now trading 2290p (at time of writing)
• Will the pattern repeat itself, testing previous 2460p highs?
• Shares -22.4% from 2018 highs; +2.3% from 2018 lows; -7.9% year-to-date
• New CEO as of 28 September
• Source: Bloomberg, FT, Reuters, DJ Newswires

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Trading Spectris – An Example

Let’s say you like the range, you think it’s heading back towards 2460p again. You decide to buy exposure to £10,000 worth of Spectris using a CFD, at the current price of 2290p. To do this, you need £2,000.

Let’s assume Spectris recovers back to 2460p (+7.4%). Your profit would be £740, 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. Spectris 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.