B&M Euro Value Retail
A range trading opportunity for you?
Will B&M Euro Value Retail break support, or will it rise again to 430p?
- Rising support since Christmas; Bounced 4 times to trade 376p (at time of writing)
- Will the pattern repeat itself, rising back to recent highs of 430p?
- Shares -3.4% from 2019 highs; +35.0% from 2019 lows; +33.8% year-to-date.
- Shares support after recent-sell-off, hopeful of consumer resilience
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading B&M Euro Value Retail – An Example
Let’s say you like the B&M Euro Value Retail range, you think it’s heading back up to 430p again. You decide to buy exposure to £10,000 worth of B&M Euro Value Retail using a CFD, at the current price of 376p. To do this, you need £2,000.
Let’s assume B&M Euro Value Retail rises back to highs of 430p (+14.3%). Your profit would be £1430, 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. B&M Euro Value Retail 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.