Hammerson
Is this breakout a good trade for you?
Will Hammerson turn, or will it continue to rise to Nov highs of 423p?
- Breakout above resistance at 359p to trade 370p (at time of writing).
- The ‘trend is your friend’. Will it continue towards 423p?
- Shares -37.5% from 2018 highs; +15.2% from 2018 lows; +12.8% year-to-date.
- 29 Nov: Completes £236m sale of 50% stake in Highcross shopping centre, Leicester
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Hammerson – An Example
Let’s say the breakout appeals to you, you think it’s likely to continue to 423p . You decide to buy exposure to £10,000 worth of Hammerson using a CFD, at the current price 370p (at time of writing). To do this, you need £2,000.
Let’s assume the Hammerson trend continues upwards to 423p Nov highs (+14.3%). Your profit would be £1430, 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. Hammerson breaks lower, falling 5% and it hits your stop-loss. Your loss would be £500.
This is provided for information purposes only. It should not be taken as a recommendation.