Aston Martin
A trading opportunity for you?
Will Aston Martin break support, or will it rise back to 1190p ?
- Bounce off support at 992p to trade 1048p (at time of writing).
- Will the pattern repeat? Will the shares bounce to 1190p again?
- Shares -23.7% from 2019 highs; +7% from 2019 lows; -14.3% year-to-date.
- 1 Apr: Issues an extra $190m debt to fund operations
- 6 Mar: CEO rules out capital rise, defends IPO
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Aston Martin – An Example
Let’s say you like the Aston Martin chart and you think the price is heading back towards 1190p again. You decide to buy exposure to £10,000 worth of Aston Martin using a CFD, at the current price of 1048p. To do this, you need £2,000.
Let’s assume Aston Martin rises back to 1190p (+13.5%). Your profit would be £1350, 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. Aston Martin 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.