Will Smith & Nephew break support, or will it rise again to 1541p?

• Rising support since November, latest bounce at 1457p
• Now trading 1464p (at time of writing).
• Will the pattern repeat, the shares climbing back towards 1541p?
• Shares -5.4% from 2019 highs; +5.8% from 2019 lows; flat year-to-date.
• 12 Mar: Agrees $19/share deal for Osiris, valued at $660m
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Smith & Nephew – An Example

Let’s say you like the Smith & Nephew chart and you think the price is heading back towards 1541p again. You decide to buy exposure to £10,000 worth of Smith & Nephew using a CFD, at the current price of 1464p. To do this, you need £2,000.

Let’s assume Smith & Nephew rises back to 1541p highs (+5.2%). Your profit would be £520, 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. Smith & Nephew 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.