Is this trend a good trading opportunity?

Will Galliford Try turn, or will it continue to march upwards beyond 1,250p?

• The above chart shows the last two months price action.
• Shares have recently broken the key 1000p level. It is now at 1,106p
• Galliford Try shares have risen close to 58% from 2018 lows
• They have retraced much of this year’s early losses, with the stock down just 4.3% year-to-date
• Recent FY results beat consensus expectations, with company on track to meet 2021 financial targets
• ‘The trend is your friend’. Will the strong momentum continue?

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Trading Galliford Try – 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 Galliford Try using a CFD, at the current price of 1,106p. To do this, you need £2,000.

Let’s assume Galliford Try trend continues to 1,250p. Your profit would be £1,300, 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, at 1,050.7p. Galliford Try falls 5% and hits your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.