Will AstraZeneca continue falling, or will it recover to 6089p recent highs?

• AstraZeneca shares down 4.3% from recent highs.
• Now trades 5837p (at time of writing).
• Can the stock recover to recent 6089p highs?
• Shares -10.8% from 2019 highs; +9.8% from 2019 lows; -0.6% year-to-date.
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading AstraZeneca – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 6089p. You decide to buy exposure to £10,000 worth of AstraZeneca using a CFD, at the current price of 5837p. To do this, you need £2,000.

Let’s assume AstraZeneca recovers back to 6089p recent highs (+4.3%). Your profit would be £430, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. AstraZeneca falls 2% and hits your stop-loss. Your loss would be £200.

This is provided for information purposes only. It should not be taken as a recommendation.