Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.
Entry level: Look to buy if the breakout continues or should the slight pullback occur around $34 area as the 10-day MA “catches up”
Price target: Part of the position could be trimmed around $37.50-$38 ATH area, and the remaining left for larger moves. Alternatively, should the stock consolidate or pullback a bit around ATH area, traders could look to re-enter if the larger trend continues as the stock has strong fundamentals and the institutional funds are coming back to it
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .