Aviva
A range trading opportunity for you?
Will Aviva break support, or will it rise again to 442p March highs?
- Shares back at prior lows; Now trading 404p (at time of writing)
- Will the pattern repeat itself, rising back to 436p Feb-Apr highs?
- Shares -8.6% from 2019 highs; +11.1% from 2019 lows; +7.6% year-to-date.
- 29 Apr: Aviva, among best bets to gain on lower life expectancy, says Jefferies
- 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 up to 436p again. You decide to buy exposure to £10,000 worth of Aviva using a CFD, at the current price of 404p. To do this, you need £2,000.
Let’s assume Aviva rises back to 436p Feb-Apr highs (+7.9%). Your profit would be £790, 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. Aviva 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.