A trading opportunity for you?
Will Kingfisher continue falling, or will it recover to 268p?
- Shares -21.8% from April highs; Now trading 211.3p (at time of writing).
- Shares -3%, down less than the 3.4% dividend it paid today
- Can the stock recover 27% to 268p April highs?
- Shares -21.1% from 2019 highs, +4.4% from 2019 lows; -2% year-to-date.
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading Kingfisher – An Example
Let’s say you feel that the stock is a bargain and you think could bounce back towards 268p. You decide to buy exposure to £10,000 worth of Kingfisher using a CFD, at the current price of 211p. To do this, you need £2,000.
Let’s assume Kingfisher recovers back to 268p (+27%). Your profit would be £2,700, 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. Kingfisher 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.