Will Hargreaves Lansdown turn, or will it continue to rise beyond 2280p September highs?

• The chart shows Hargreaves Lansdown price action in November.
• Shares +8% in the past week, now at 1948p (at the time of writing).
• Shares broken above previous November highs around 1940p.
• Shares -14.8% from 2018 highs; +21.9% from 2018 lows; +8.2% year-to-date.
• 11 Oct: Hargreaves Lansdown’s remains a long-term growth prospect according to analysts at Peel Hunt
• Will this momentum continue?
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading Hargreaves Lansdown – 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 Hargreaves Lansdown using a CFD, at the current price of 1948p. To do this, you need £2,000.

Let’s assume the Hargreaves Lansdown trend continues to 2280p September highs (+17%). Your profit would be £1700, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 7% from the current price. Hargreaves Lansdown falls 7% and hits your stop-loss. Your loss would be £700.

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