Imperial Brands
A trading opportunity for you?
Will Imperial Brands break support, or will it rise again back to 241p ?
- Support developed over last 4 months.
- Bounced off 2565p zone 5 times since early June. Now trading at 2583p (at time of writing)
- Will the pattern repeat itself, bouncing up again towards 2990p?
- Shares -17.8% from 2018 highs; +14.6% from 2018 lows
- Tobacco considered non-cyclical defensive investment sector, sought out in times of economic weakness
Trading Imperial Brands – An Example
Let’s say you like the range, you think it’s heading back towards 2990p again. You decide to buy exposure to £10,000 worth of Imperial Brands using a CFD, at the current price of 2581p. To do this, you need £2,000.
Let’s assume Imperial Brands recovers back to 2990p. Your profit would be £1,580, 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, at 2503p. Imperial Brands 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.