Will William Hill break support, or will it rise again to 190p?

• Support since December; bounce off 149p.
• Now trading 159p (at time of writing).
• Will the pattern repeat, the shares climbing back towards 190p Feb highs?
• Shares -16.2% from 2019 highs; +7.6% from 2019 lows; +2.9% year-to-date.
• 1 Mar: Barclays says unchanged guidance soothes investors
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading William Hill – An Example

Let’s say you like the William Hill chart and you think the price is heading back towards 190p again. You decide to buy exposure to £10,000 worth of William Hill using a CFD, at the current price of 159p. To do this, you need £2,000.

Let’s assume William Hill rises back to 190p highs (+19.4%). Your profit would be £1940, 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. William Hill 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.