A trading opportunity for you?
Will Persimmon continue falling, or will it rise again back to 2408p November highs?
- Persimmon share price has fallen over 8% in the past 2 day, -19.6% from November highs.
- Now trading at 1935p (at the time of writing).
- Shares are down over -32.5% from 2018 highs, now trading at 2018 lows, -29.4% year-to-date.
- FTSE Housebuilder shares in a month-long downtrend due to ongoing Brexit uncertainty.
- Can the shares regain recent highs?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Persimmon – An Example
Let’s say you feel that the stock is a bargain and you think could bounce back towards 2408p. You decide to buy exposure to £10,000 worth of Persimmon using a CFD, at the current price of 1935p. To do this, you need £2,000.
Let’s assume Persimmon recovers back to November highs of 2408p (+24.4%). Your profit would be £2440, 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. Persimmon 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.