Hays
A trading opportunity for you?
Will Hays break support, or will it rise again back to 210p ?
- Hays has shallow rising support (channel?) since December lows. Latest bounce at 183p.
- Bounced off trendline 5 times. Now trading 185p (at time of writing)
- Will the pattern repeat itself, bouncing up again towards 213p?
- Shares -14.0% from 2018 highs; +4.3% from 2018 lows; +11.1% year-to date
- 30 Aug: Liberum says Hays full year backs up 2019 consensus estimates
- Source: Bloomberg, FT, Reuters, DJ Newswires
Trading Hays – An Example
Let’s say you like the range, you think it’s heading back towards 213p again. You decide to buy exposure to £10,000 worth of Hays using a CFD, at the current price of 185p. To do this, you need £2,000.
Let’s assume Hays recovers back to 213p (+15.1%). Your profit would be £1510, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss 5% below the current price. Hays 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.