British Land
A trading opportunity for you?
Will British Land break support, or will it rise again back to 703p ?
- Bounced off 611p 5 times since November ’17. Now trading at 621.8p (at time of writing).
- Support level developed since the beginning of September
- Will the pattern repeat itself, bouncing up again towards 703p May highs?
- Shares -12.5% from 2018 highs; +1% from 2018 lows; -10% year-to date.
Trading British Land – An Example
Let’s say you like the range, you think it’s heading back towards 703p again. You decide to buy exposure to £10,000 worth of British Land using a CFD, at the current price of 621.8p. To do this, you need £2,000.
Let’s assume British Land recovers back to 703p (+13%). Your profit would be £1,300, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 8% below the current price. British Land falls 8% and hits your stop-loss. Your loss would be £800.
This is provided for information purposes only. It should not be taken as a recommendation.