Hiscox
A trading opportunity for you?
Will Hiscox break support, or will it rise again back to 1723p highs?
- Hiscox has rising support since late July with 3 bounces, most recently today
- Now trading 1565p (at time of writing).
- Shares -10.0% from 2018 highs; +21.2% from 2018 lows; +6.7% year-to-date.
- 5 Dec: Hiscox top be promoted to UK 100 on 24 Dec
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Hiscox – An Example
Let’s say you like the Hiscox chart and you think the price is heading back towards 1723p again. You decide to buy exposure to £10,000 worth of Hiscox using a CFD, at the current price of 1565p. To do this, you need £2,000.
Let’s assume Hiscox rises back to 1723p (+10%). Your profit would be £1000, 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. Hiscox 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.