Will Greene King turn, or will it continue to rise beyond 610p?

• The chart shows Greene King price action since April.
• Shares +10.8% in past 2 weeks, now at 543p (at the time of writing).
• 29 Nov: Brokers at Liberum say Greene King shares are too cheap, after the brewer and pub landlord reported a 3.2% rise in H1 pre-tax profit
• Shares -17.9% from 2018 highs; +18% from 2018 lows; -2% year-to-date.
• Will this momentum continue?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Greene King – 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 Greene King using a CFD, at the current price of 543p. To do this, you need £2,000.

Let’s assume the Greene King trend continues to 610p 2-year falling highs resistance (+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 5% from the current price. Greene King falls 5% and hits your stop-loss. Your loss would be £500.

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