AB Foods
A trading opportunity for you?
Will AB Foods break support, or will it rise again back to 2655p?
- AB Foods has rising support since mid-September, latest bounce off support today.
- Now trading 2437p (at time of writing).
- Will the pattern repeat itself? Will the shares bounce off support again?
- Shares -16.5% from 2018 highs; +10.9% from 2018 lows; -13.6% year-to-date.
- AB Foods is a retail and foodstuffs company.
- 6 Nov: Reported solid 2018 results, Primark sales and margins rose, sugar under pressure.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading AB Foods – An Example
Let’s say you like the AB Foods chart and you think the price is heading back towards 1655p again. You decide to buy exposure to £10,000 worth of AB Foods using a CFD, at the current price of 2437p. To do this, you need £2,000.
Let’s assume AB Foods rises back to 2655p (+8.9%). Your profit would be £890, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. AB Foods falls 3% and hits your stop-loss. Your loss would be £300.
This is provided for information purposes only. It should not be taken as a recommendation.