Aviva
A trading opportunity for you?
Will Aviva break support, or will it rise again back to 498p September highs?
- Aviva has bounced 4 times off a 412p support zone since August 2016.
- Now trading 413.8p (at time of writing).
- Company recently changed its Chief Executive (9 Oct), with new leadership set to continue turnaround measures.
- Shares -24.3% from 2018 highs; now trading at 2018 lows; -18.3% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires
Trading Aviva – An Example
Let’s say you like the Aviva range, you think it’s heading back towards 498p again. You decide to buy exposure to £10,000 worth of Aviva using a CFD, at the current price of 413p. To do this, you need £2,000.
Let’s assume Aviva rises back to 498p (+20.6%). Your profit would be £2,060, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 10% from the current price. Aviva falls 10% and hits your stop-loss. Your loss would be £1,000.
This is provided for information purposes only. It should not be taken as a recommendation.