Evraz
A trading opportunity for you?
Will Evraz continue falling, or will it recover recent 710p highs (+10%)?
- Shares -10% from recent highs; –4% today today
- Now trading 645p (at time of writing).
- Can the stock recover to recent 710p highs (+10%)?
- Shares -8.9% from 2019 highs; +48.5% from 2019 lows; +34.6% year-to-date.
- 20 Jun: Four shareholders sell 24.9m shares (1.7% of company) at 635p/share
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading Evraz – An Example
Let’s say you feel that the stock is a bargain and you think could bounce back towards 710p recent highs. You decide to buy exposure to £10,000 worth of Evraz using a CFD, at the current price of 645p. To do this, you need £2,000.
Let’s assume Evraz recovers back to 710p recent highs (+10%). Your profit would be £1000, 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.