A range trading opportunity for you?
Will William Hill break support, or will it rise back to 190p?
- Potential 149-190p range since December, trading off the floor
- Now trades 155p (at time of writing)
- Will the pattern repeat itself, testing recent 190p highs?
- Shares -18.3% from 2019 highs; +4.2% from 2019 lows; +0.3% year to date
- 1 Mar: Barclays says unchanged guidance soothes investors
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading William Hill – An Example
Let’s say you like the range, you think it’s heading back towards 190p again. You decide to buy exposure to £10,000 worth of William Hill using a CFD, at the current price of 155p. To do this, you need £2,000.
Let’s assume William Hill rises to 190p (+22.5%). Your profit would be £2250, 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. William Hill 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.