Jupiter Fund Mgt
A range trading opportunity for you?
Will Jupiter break support, or will it rise back to 442p (+13%)?
- 381-442p rising range; bounced off floor
- Now trades 389p (at time of writing)
- Will the pattern repeat itself, testing the ceiling at 442p (+13%)?
- Shares -10.2% from 2019 highs; +36.3% from 2019 lows; +32.3% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Jupiter Fund Mgt – An Example
Let’s say you like the range, you think it’s heading back up towards 442p again. You decide to buy exposure to £10,000 worth of Jupiter using a CFD, at the current price of 389p. To do this, you need £2,000.
Let’s assume Jupiter rises to 442p (+13%). Your profit would be £1300, 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. Jupiter 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.