Is this trend a good trading opportunity?
Will Man Group turn, or will it continue to rise to highs of 183p (+10%)?
- Shares +17% from recent lows; Now trading 165p (at the time of writing)
- Will the positive momentum continue towards 183p (+10%)?
- Shares -0.5% from 2019 highs; +29.3% from 2019 lows; +24.8% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Man Group – 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 Man Group using a CFD, at the current price of 165p. To do this, you need £2,000.
Let’s assume the Man Group trend continues to highs of 183p (+10%). Your profit would be £1000, 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. Man Group falls 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.