Will CYBG break support, or will it rise again back to 275p?

• CYBG has a support zone at 252p since mid-October, with 5 bounces
• Now trading 257p (at time of writing).
• Shares -30.6% from 2018 highs; +1.5% from 2018 lows; +24.4% year-to-date.
• Will the pattern repeat itself?
• 19 Nov: COO Debbie Crosbie steps down with Fraser Ingram (current Innovation & Change director) appointed interim COO
• CYBG has recently completed a merger with Virgin Money
• Source: Bloomberg, FT, Reuters, DJ Newswires Sept

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Trading CYBG – An Example

Let’s say you like the CYBG support level, you think it’s heading back towards 275p again. You decide to buy exposure to £10,000 worth of CYBG  using a CFD, at the current price of 257p. To do this, you need £2,000.

Let’s assume CYBG rises back to 275p (+7%). Your profit would be £700, 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. CYBG 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.