Hargreaves Lansdown
A trading opportunity for you?
Will Hargreaves Lansdown break support, or will it rise again back to 1998p highs?
- Hargreaves Lansdown has rising support since late October
- Bounced 6 times, most recently last week off 1810p.
- Now trading 1830p (at time of writing).
- Will the pattern repeat itself? Will the shares bounce and rally back to 1998p again?
- Shares -19.2% from 2018 highs; +15.6% 2018 lows; +1.6% year-to-date.
- Hargreaves Lansdown is an investment platform.
- 11 Oct: Analysts at Peel Hunt say the share price is likely to suffer due to volatile equity markets, but the investment platform remains a long-term growth prospect.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Hargreaves Lansdown – An Example
Let’s say you like the Hargreaves Lansdown range, you think the price is heading back towards 1998p again. You decide to buy exposure to £10,000 worth of Hargreaves Lansdown using a CFD, at the current price of 1830p. To do this, you need £2,000.
Let’s assume Hargreaves Lansdown rises back to 1998p (+9.1%). Your profit would be £910, 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. Hargreaves Lansdown 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.