Babcock International
A trading opportunity for you?
Will Babcock International break support, or will it rise again to 545p?
- 3 touches off rising support since end of March; +5% from recent lows
- Will the pattern repeat itself, rising back to recent highs of 545p?
- Shares -11.5% from 2019 highs; +8% from 2019 lows; -27% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Babcock International – An Example
Let’s say you like the Babcock International support, you think it’s heading back up to 545p again. You decide to buy exposure to £10,000 worth of Babcock Internationalusing a CFD, at the current price of 510p. To do this, you need £2,000.
Let’s assume Babcock International rises back to highs of 545p (+7%). Your profit would be £700, 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. Babcock International 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.