Wizz Air
Is this trend a good trading opportunity?
Will Wizz Air turn, or will it continue to rise towards previous highs at 3812p?
- Shares +27% from April lows; Now 3515p (at the time of writing).
- Will the positive momentum take them to previous highs at 3812p?
- Shares -1.5% from 2019 highs; +29.9% from 2019 lows; +25.3% year-to-date.
- 2 May: Wizz Air Carried 19% More Passengers on Year in April
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Wizz Air– 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 Wizz Air using a CFD, at the current price of 3515p. To do this, you need £2,000.
Let’s assume the Wizz Air trend continues to last year’s highs of 3812p (+8.4%). Your profit would be £840, 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. Wizz Air 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.