A trading opportunity for you?
Will William Hill continue falling, or will it recover to 190p recent highs?
- William Hill shares -21% since early March.
- Shares falling since bookmaker reported FY loss and cut dividend.
- Trading close to 148p December lows.
- Now trades 150p (at time of writing).
- Shares -20.8% from 2019 highs; +0.3% from 2019 lows; -2.8% year-to-date.
- Can the stock recover to recent highs?
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading William Hill – An Example
Let’s say you feel that the stock is a bargain and you think could bounce back towards 190p. You decide to buy exposure to £10,000 worth of William Hill using a CFD, at the current price of 150p. To do this, you need £2,000.
Let’s assume William Hill recovers back to 190p March highs (+26.6%). Your profit would be £2660, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 8% from the current price. William Hill falls 8% and hits your stop-loss. Your loss would be £800.
This is provided for information purposes only. It should not be taken as a recommendation.