Will INTU Properties break support, or will it rise again back to 122p Dec highs?

• INTU has support since end-Dec 
• Latest bounce off 107p support, now trading 111p (at time of writing).
• Will the pattern repeat itself? Will the shares bounce off support again?
• Shares -55.7% from 2018 highs; +5.4% from 2018 lows; -1.5% year-to-date.
• 30 Nov: Brexit worries force Brookfield to pull bid for INTU
• 30 Nov: Intu agrees trio of property disposals for £25m
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading INTU– An Example

Let’s say you like the INTU chart and you think the price is heading back towards 122p again. You decide to buy exposure to £10,000 worth of INTU using a CFD, at the current price of 122p. To do this, you need £2,000.

Let’s assume INTU rises back to 122p Dec highs (+9.9%). Your profit would be £990, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. G4S falls 4% and hits your stop-loss. Your loss would be £400.

This is provided for information purposes only. It should not be taken as a recommendation.