Will Hays break support, or will it rise again back to 163p ?

• Rising support since January;
• Bounced off trendline 5 times. Now trading 148p (at time of writing)
• Will the pattern repeat itself, bouncing up again towards 163p?
• Shares -9% from 2019 highs; +9.6% from 2019 lows; +6.1% year-to date
• 16 Apr: Hays Q3 comparable net fees +6%; Says outlook is good
• Source: Bloomberg, FT, Reuters, DJ Newswires

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Trading Hays – An Example

Let’s say you like the range, you think it’s heading back towards 163p again. You decide to buy exposure to £10,000 worth of Hays using a CFD, at the current price of 148p. To do this, you need £2,000.

Let’s assume Hays recovers back to 163p (+10.1%). Your profit would be £1010, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss 3% from the current price. Hays 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.