British Land
Is this breakout a good trade for you?
Will British Land turn, or will it continue to rise beyond 557p?
- Breakout above resistance at 575p; Now trading 584p (at time of writing).
- The ‘trend is your friend’. Will it continue towards Nov highs of 618p?
- Shares -17.5% from 2018 highs; +11.6% from 2018 lows; +9.7% year-to-date.
- 19 Nov: British Land says UK retailers keen on London space despite market gloom
- 16 Nov: Wall St Journal “Heard on the Street” column says UK Real Estate can take Brexit
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading British Land – An Example
Let’s say the breakout appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of British Land using a CFD, at the current price of 584p. To do this, you need £2,000.
Let’s assume the British Land trend continues toward 618p Nov highs (+5.8%). Your profit would be £580, 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. British Land breaks lower, falling 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.