A trading opportunity for you?
Will Syncona continue falling, or will it recover to 303p recent highs?
- Syncona shares -19.5% in 1 week; -4% today.
- Bouncing +1.2% from 244p support zone late Oct.
- 12 Mar: The investment company changed its capital strategy, reducing investments.
- Now trades 247p (at time of writing).
- Shares -1.1% from 2019 highs; +18.6% from 2019 lows; -7.6% year-to-date.
- Can the stock recover to recent highs?
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading Syncona – An Example
Let’s say you feel that the stock is a bargain and you think could bounce back towards 303p. You decide to buy exposure to £10,000 worth of Syncona using a CFD, at the current price of 247p. To do this, you need £2,000.
Let’s assume Syncona recovers back to 303p recent highs (+22.6%). Your profit would be £2260, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 7% from the current price. Syncona falls 7% and hits your stop-loss. Your loss would be £700.
This is provided for information purposes only. It should not be taken as a recommendation.