Will ITV break support, or will it rise again back to 181p highs?

• ITV has a support level at 141.15p since June 2016, bouncing 4 times, most recently this week.
• Now trading 146.3p (at time of writing).
• Shares -20.2% from 2018 highs; +3.5% from 2018 lows; -11.6% year-to-date.
• 3 Oct: Citi says ITV shows discipline by ruling out bid for Endemol
• 19 Sept: ITV to unveil plans for new subscription service by February
• Speculation that after Sky sale to Comcast that ITV could be next on the M&A block
• Source: Bloomberg, FT, Reuters, DJ Newswires

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Trading ITV – An Example

Let’s say you like the ITV chart and you think the price is heading back towards 181p again. You decide to buy exposure to £10,000 worth of ITV using a CFD, at the current price of 146.3p. To do this, you need £2,000.

Let’s assume ITV rises back to 181p (+23.7%). Your profit would be £2370, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. ITV falls 5% and hits your stop-loss. Your loss would be £500.

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