Entertainment One
A trading opportunity for you?
Will Entertainment One break support, or will it rise again back to 450p?
- Entertainment One has rising support around 400p since August, with 5 bounces, most recently this week.
- Now trading 403p (at time of writing).
- Shares -11% from 2018 highs; +50.8% from 2018 lows; +23.8% year-to-date.
- Will the pattern repeat itself?
- 274 Sept: Content investments paying off: says broker Edison
- Source: Bloomberg, FT, Reuters, DJ Newswires Sept
Trading Entertainment One – An Example
Let’s say you like the Entertainment One support level, you think it’s heading back towards 450p again. You decide to buy exposure to £10,000 worth of Entertainment One using a CFD, at the current price of 403p. To do this, you need £2,000.
Let’s assume Entertainment One rises back to 450p (+11.7%). Your profit would be £1170, 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. Entertainment One 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.