Will Sage Group turn, or will it continue to rise beyond 675p August highs?

• The chart shows Sage Group price action in November.
• Shares +12% in the past week, now at 601p (at the time of writing).
• Shares -28.5% from 2018 highs; +20% from 2018 lows; -24.7% year-to-date.
• IT company’s shares in a weeklong uptrend, strong bounce after results last week.
• Will this momentum continue?
• Source: Bloomberg, FT, Reuters, DJ Newswires

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Trading Sage Group – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Sage Group using a CFD, at the current price of 601p. To do this, you need £2,000.

Let’s assume the Sage Group trend continues to August highs of 675p (+12.3%). Your profit would be £1230, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. Sage Group falls 4% and hits your stop-loss. Your loss would be £400.

This is provided for information purposes only. It should not be taken as a recommendation.