CYBG
Is this trend a good trading opportunity?
Will CYBG turn, or will it continue to rise towards April highs of 219p? (+12.8%)
- Shares +12% from recent lows; Now 194p (at the time of writing).
- Will the positive momentum take them to April highs of 219p (+12.8%)?
- Shares -11.9% from 2019 highs; +12.7% from 2019 lows; +7.1% year-to-date.
- 17 Jun: CYBG to be renamed Virgin Money UK; ups net cost savings targets by 33%
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading CYBG – 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 CYBG using a CFD, at the current price of 194p. To do this, you need £2,000.
Let’s assume the CYBG trend continues to April highs of 219p (+12.8%). Your profit would be £1280, from your initial investment of £2000.
Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. CYBG falls 4% and hits your stop-loss. Your loss would be £400.
This is provided for information purposes only. It should not be taken as a recommendation.