XP Power
Is this an opportunity to take a position ahead of the results?
XP Power reports results on Monday (8th Oct)
- The chart shows the price movement last time XP Power reported (30 July).
- The shares opened +60p (+1.7%) and rose as high as +120p (+3.4%.
- The shares fell as low as +50p (+1.4%), where they closed, for a daily trading range of 70p or 2.0%.
- On 30 July XP Power reported higher first half, revenues, profits, orders and upped the dividend.
- Shares -18.3% from 2018 highs; +11.2% from 2018 lows; -11.1% YTD.
- Recent share price range: Sept lows 2781p; Aug highs 3780p. Currently 3050p (at time of writing).
- XP Power gives a Q3 Trading Statement on Monday (8 Oct). Will we see another big move?
Trading XP Power – An Example
Let’s say you think that XP Power results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of XP Power using CFDs, at the current price of 3050p. To do this, you need £2,000.
For the purpose of this example, let’s assume XP Power reports strong results and the shares rise 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 3% below the current price. XP Power results miss, it 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.