Great Portland Estates
Is this breakout a good trade for you?
Will Great Portland turn, or will it continue to rise towards 760p?
- Breakout above resistance at 713p to trade 727p (at time of writing).
- The ‘trend is your friend’. Will it continue towards 760p?
- Shares -6% from 2018 highs; +17.6% from 2018 lows; +10.3% year-to-date.
- 23 Jan: Liberum says Great Portland well-positioned thanks to caution
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Great Portland Estates – 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 Great Portland using a CFD, at the current price of 727p. To do this, you need £2,000.
Let’s assume the Great Portland trend continues upwards to 760p (+4.5%). Your profit would be £450, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. Great Portland breaks lower, falling 2% and it hits your stop-loss. Your loss would be £200.
This is provided for information purposes only. It should not be taken as a recommendation.