Will Evraz continue falling, or will it recover to 634p recent record highs?

• Evraz shares -6% today after key shareholders sold shares.
• Owner, CEO and Chairman sold 1.8% of shares at 5.5% discount to yesterday’s close.
• Now trades 592p (at time of writing).
• Shares -6.5% from 2019 highs; +36.2% from 2019 lows; +23.4% year-to-date.
• Can the stock recover to recent highs?
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Evraz – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 634p recent highs. You decide to buy exposure to £10,000 worth of Evraz using a CFD, at the current price of 592p. To do this, you need £2,000.

Let’s assume Evraz recovers back to 634p recent record highs (+7%). Your profit would be £700, 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. Evraz 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.