Will Balfour Beatty continue falling, or will it recover to last week’s 250p highs?

• Balfour Beatty shares -7.7% today from last week’s 250p highs.
• Now trades 234p (at time of writing).
• 16 Apr: Balfour Beatty on track for Full-Year Expectations
• Shares -20.7% from 2019 highs; +1.2% from 2019 lows; -5.9% year-to-date.
• Can the stock recover to last week’s highs?
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Balfour Beatty – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards last week’s 250p highs. You decide to buy exposure to £10,000 worth of Balfour Beatty using a CFD, at the current price of 234p. To do this, you need £2,000.

Let’s assume Balfour Beatty recovers back to 376p recent highs (+6.8%). Your profit would be £680, 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. Balfour Beatty 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.