Will Admiral break support, or will it rise again back to 2132p highs?

• Admiral has rising support since February, bouncing 5 times, most recently today.
• Now trading 1947p (at time of writing).
• Shares -8.3% from 2018 highs; +9.2% from 2018 lows; -2.6% year-to-date.
• Will the pattern repeat itself? Will the shares revisit recent highs?
• 1 Nov: Admiral says Diane Engelhardt to invest $25m into Compare.com
• 1 Oct: UK Motor Insurers beat Lloyd’s members for value says Peel Hunt
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Admiral – An Example

Let’s say you like the Admiral chart and you think the price is heading back towards 2132p again. You decide to buy exposure to £10,000 worth of Admiral using a CFD, at the current price of 1947p. To do this, you need £2,000.

Let’s assume Admiral rises back to 2133p (+9.5%). Your profit would be £950, 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. Admiral 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.