A trading opportunity for you?
Will Card Factory continue falling, or will it rise again back to 194p yesterday’s close?
- Card Factory share price rebounding over +10% after falling as low as -18% at today’s market open.
- Latest results disappointed, with 11-month sales flat, and 2020 set to be another difficult year.
- Now trading at 176p (at the time of writing).
- Shares -9.2% from 2019 highs, +14% from 2019 lows, +1.3% year-to-date.
- Can the shares regain recent highs?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Card Factory – An Example
Let’s say you feel that the stock is a bargain and you think could bounce back towards 194p. You decide to buy exposure to £10,000 worth of Card Factory using a CFD, at the current price of 176p. To do this, you need £2,000.
Let’s assume Card Factory recovers back to 194p last week’s highs (+10.2%). Your profit would be £1020, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. Card Factory falls 4% and hits your stop-loss. Your loss would be £400.
This is provided for information purposes only. It should not be taken as a recommendation.