IQE
A trading opportunity for you?
Will IQE continue falling, or will it recover yesterday’s 70p (+59%)?
- Shares -40% from yesterday’s close; Now trading 44p (at time of writing).
- Can the stock recover to yesterday’s 70p close (+59%)?
- Will the shares close the gap?
- Shares -55.8% from 2019 highs; +2.4% from 2019 lows; +32.3% year-to-date.
- 21 June: Profits warning shows U.S.-China tensions Beginning to Bite hard says Peel Hunt
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading IQE – An Example
Let’s say you feel that the stock is a bargain and you think could bounce back towards 70p highs. You decide to buy exposure to £10,000 worth of IQE using a CFD, at the current price of 44p. To do this, you need £2,000.
Let’s assume IQE recovers back to 70p highs (+59%). Your profit would be £5900, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. IQE falls 5% and hits your stop-loss. Your loss would be £500.
This is provided for information purposes only. It should not be taken as a recommendation.