Will UDG Healthcare break support, or will it rise again back to 632p?

• 557-632p range since November; Now 587p (at time of writing)
• Will the pattern repeat itself, rising back to 632p?
• Shares -8.8% from 2019 highs; +4.8% from 2019 lows; +4.1% year-to-date
• 29 Jan: Shares rise after UDG says Q1 pretax profit grows
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading UDG Healthcare – An Example

Let’s say you like the range, you think it’s heading back towards 632p again. You decide to buy exposure to £10,000 worth of UDG using a CFD, at the current price of 587p. To do this, you need £2,000.

Let’s assume UDG recovers back to 632p (+7.6%). Your profit would be £766, 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. UDG 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.