Will Greencore break support, or will it rise again back to 240p highs?

• Greencore has a trendline of rising support since March, recording 6 bounces
• Now trading 195.7p (at time of writing).
• Shares -16.6% from 2018 highs; +62.4% from 2018 lows; -14.5% year-to-date.
• 26 Nov: Greencore completes sales of US business
• 15 Oct: Davy says Greencore to have lower growth, but higher returns after US Exit
• Source: Bloomberg, FT, Reuters, DJ Newswires

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Trading Greencore – An Example

Let’s say you like the Greencore range, you think it’s heading back towards 240p again. You decide to buy exposure to £10,000 worth of Greencore using a CFD, at the current price of 195.7p. To do this, you need £2,000.

Let’s assume Greencore rises back to 240p (+22.6%). Your profit would be 2260, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Greencore falls 5% and hits your stop-loss. Your loss would be £500.

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