Hunting is due to issue a Trading update on Mon, 17 Dec

• The chart above shows the price movements last time Hunting reported (Q3 Trading Update, 30 Oct).
• Hunting Says Q3 revenues steady, backs full-year outlook
• The shares opened -15p (-2.2%; highs of the day) and went as low as -48p (-6.9%).
• The shares closed -36.5p (+5.2%), for a daily trading range of 33p or 4.7%.
• Shares -45.4% from 2018 highs, +1.5% from 2018 lows, -13.8% year-to-date.
• Currently trading at 521p (at time of writing).
• Hunting issues a Q4 Trading Update on Mon, 17 Dec. Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Hunting – An Example

Let’s say you think that Hunting results are likely to be good, and the price is likely to rise. You decide to buy exposure to £10,000 worth of Hunting using a CFD, at the current price of 521p. To do this, you need £2,000.

For the purpose of this example, let’s assume Hunting reports strong results and the share price rises by 10%. Your profit would be £1,000, 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. Hunting results miss, it 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.