Will Ferrexpo continue falling, or will it rise again back to recent highs at 306p?

• Ferrexpo fallen 7% from Tuesday’s highs.
• Shares are still dropping as a reaction to falling 1Q production by 11%
• Now trades 285p (at time of writing).
• Shares -6.6% from 2019 highs; +59% from 2019 lows; +46.6% year-to-date.
• Can the stock recover to recent highs?
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Ferrexpo – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards recent high of 306p. You decide to buy exposure to £10,000 worth of Ferrexpo using a CFD, at the current price of 285p. To do this, you need £2,000.

Let’s assume Ferrexpo recovers back to 306p recent 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. Ferrexpo 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.