Will Britvic break support, or will it rise again back to 961p ?

• Intersecting support since February;
• Bounced off trendline 4 times. Now trading 912p (at time of writing)
• Will the pattern repeat itself, bouncing up again towards 960p?
• Shares -5.7% from 2019 highs; +15% from 2019 lows; +14.2% year-to date
• 4 Feb: Britvic delivers steady start to FY 2019 says Edison
• 31 Jan: Q1 Revenues +4.5%, in line with full year guidance
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading Britvic – An Example

Let’s say you like the range, you think it’s heading back towards 960p again. You decide to buy exposure to £10,000 worth of Britvic using a CFD, at the current price of 912p. To do this, you need £2,000.

Let’s assume Britvic recovers back to 960p (+5.2%). Your profit would be £520, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss 2% from the current price. Britvic falls 2% and hits your stop-loss. Your loss would be £200.

This is provided for information purposes only. It should not be taken as a recommendation.