Burberry
A trading opportunity for you?
Will Burberry break support, or will it rise again back to 1882p highs?
- Burberry has rising support since February with 4 bounces, most recently on Monday
- Now trading 1714p (at time of writing).
- Shares -28.6% from 2018 highs; +12.8% from 2018 lows; -4.4% year-to-date.
- 8 Nov: Burberry maintains FY19 profits guidance
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Burberry – An Example
Let’s say you like the Burberry chart and you think the price is heading back towards 1882p again. You decide to buy exposure to £10,000 worth of Burberry using a CFD, at the current price of 1714p. To do this, you need £2,000.
Let’s assume Burberry rises back to 1882p (+9.8%). Your profit would be £980, 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. Burberry 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.