IMI
A range trading opportunity for you?
Will IMI break support, or will it rise again to 1022p?
- Shares bounced from 3-month support zone at 929p.
- Currently trades 949p (at time of writing)
- Will the pattern repeat itself, rising back to recent highs of 1022p?
- 1 Mar: 2018 revenues and profits grow; announces new CEO
- Shares -34.8% from 2019 highs; +5.6% from 2019 lows; +0.3% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading IMI – An Example
Let’s say you like the IMI range, you think it’s heading back up to 1022p again. You decide to buy exposure to £10,000 worth of IMI using a CFD, at the current price of 949p. To do this, you need £2,000.
Let’s assume IMI rises back to highs of 1022p (+7.7%). Your profit would be £770, 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. IMI 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.