A trading opportunity for you?
Will Aviva break support, or will it rise again back to 420p late-Nov highs?
- Aviva has bounced twice off a 362p support since late last month.
- Now trading 373p (at time of writing).
- Will the pattern repeat, the shares climbing back towards 420p?
- Shares -32.9% from 2018 highs; +2.8% from 2018 lows; -26.2% since end-17.
- 5 Dec: Aviva bets on subscriptions to tackle concerns over unfair insurance pricing
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Aviva – An Example
Let’s say you like the Aviva range, you think it’s heading back towards 420p again. You decide to buy exposure to £10,000 worth of Aviva using a CFD, at the current price of 373p. To do this, you need £2,000.
Let’s assume Aviva rises back to 420p (+12.6%). Your profit would be £1260, 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. Aviva 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.