Great Portland Estates
A trading opportunity for you?
Will Great Portland break support, or will it rise again back to 723p ?
- Great Portland has a support zone since early April
- Bounced around 658p 3 times. Now trading at 661.2p (at time of writing)
- Will the pattern repeat itself, bouncing up again towards 723p?
- Shares -17.4% from 2018 highs; +1.0% from 2018 lows; -17.2% year-to date
- Great Portland Estates today reported quarterly combined annual rent +20%, with lettings 6.5% ahead of Estimated Rental Value.
- Source: Bloomberg, FT, Reuters, DJ Newswires
Trading Great Portland – An Example
Let’s say you like the range, you think it’s heading back towards 723p again. You decide to buy exposure to £10,000 worth of Great Portland using a CFD, at the current price of 661p. To do this, you need £2,000.
Let’s assume Great Portland recovers back to 723p (+9.4%). Your profit would be £940, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss 4% below the current price. Great Portland falls 4% and hits your stop-loss. Your loss would be £400.
This is provided for information purposes only. It should not be taken as a recommendation.