Plus500
Is this trend a good trading opportunity?
Will Plus500 turn, or will it continue to rise beyond 2074p?
- The chart shows Plus500 price action since April.
- Shares +19.3% in past 2 weeks, now at 543p (at the time of writing).
- 20 Nov: Company said its 2018 results are set to beat market expectations.
- Shares -29.3% from 2018 highs; +68.7% from 2018 lows; +67.4% year-to-date.
- Will this momentum continue?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Plus500 – 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 Plus500 using a CFD, at the current price of 1521p. To do this, you need £2,000.
Let’s assume the Plus500 trend continues to 2074p all-time highs (+36.3%). Your profit would be £3630, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 9% from the current price. Plus500 falls 9% and hits your stop-loss. Your loss would be £900.
This is provided for information purposes only. It should not be taken as a recommendation.