Will Inmarsat break support, or will it rise again to 401p mid-Jan highs?

• 365p support since late January; 6 bounces to trade 377p (at time of writing).
• Will the pattern repeat, the shares climbing back towards 401p highs?
• Shares -42.3% from 2018 highs; +11.5% from 2018 lows; -0.5% year-to-date.
• 30 Jan: Inmarsat and Garuda Indonesia sign in-flight-broadband agreement
• 10 Dec: Inmarsat signs deal to be first commercial customer for Japan’s next-generation H3 rocket
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Inmarsat – An Example

Let’s say you like the Inmarsat chart and you think the price is heading back towards 401p again. You decide to buy exposure to £10,000 worth of Inmarsat using a CFD, at the current price of 377p. To do this, you need £2,000.

Let’s assume Inmarsat rises back to 401p highs (+6.3%). Your profit would be £630, 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. Inmarsat 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.