A trading opportunity for you?
Will Just Eat continue falling, or will it rise again back to recent 575p yesterday’s highs?
- Just Eat shares have fallen over 5% today to trade 543p (at time of writing).
- Shares -37.6% from 2018 highs; +8.8% from 2018 lows; -30.6% year-to-date.
- Shares of delivery company falling after it was confirmed it will be relegated from FTSE 100.
- Shares already 1% off their worst levels today.
- Can the shares regain recent highs?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Just Eat – An Example
Let’s say you feel that the stock is a bargain and you think it could bounce back to recent highs of 575p. You decide to buy exposure to £10,000 worth of Just Eat using a CFD, at the current price of 543p. To do this, you need £2,000.
Let’s assume Just Eat recovers back to 575p (+5.8%). Your profit would be £580, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. Just Eat falls 2% and hits your stop-loss. Your loss would be £200.
This is provided for information purposes only. It should not be taken as a recommendation.