Greggs
A trading opportunity for you?
Will Greggs break support, or will it rise again back to 1628p highs?
- Greggs has a shallow rising support around 1547p since Jan
- 3 bounces from support zone.
- Now trading 1552p (at time of writing).
- Shares -4.6% from 2019 highs; +23.5% from 2019 lows; +22.6% year-to-date.
- 12 Feb: UBS says Greggs remains well positioned to sustain strong growth.
- Source: Bloomberg, FT, Reuters, DJ Newswires
Trading Greggs – An Example
Let’s say you like the Greggs chart and you think the price is heading back towards 1628p again. You decide to buy exposure to £10,000 worth of Greggs using a CFD, at the current price of 1552p. To do this, you need £2,000.
Let’s assume Greggs rises back to 1628p Feb highs (+4.9%). Your profit would be £490, 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. Greggs 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.