Barratt Developments
A trading opportunity for you?
Will Barratt Developments break support, or will it rise again back to 620p (+6.8%)?
- Rising support since early June; 3 bounces
- Currently trading at 581p (at time of writing).
- Will the pattern repeat itself, rising back to 620p highs (+6.8%)?
- Shares -7.3% from 2019 highs; +29.2% from 2019 lows;+25.8% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Barratt Developments – An Example
Let’s say you like the Barratt Developments range, you think it’s heading back towards 620p again. You decide to buy exposure to £10,000 worth of Barratt Developments using a CFD, at the current price of 581p. To do this, you need £2,000.
Let’s assume Barratt Developments rises back to 620p (+6.8%). Your profit would be £680, 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. Barratt Developments 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.