JD Wetherspoon
A trading opportunity for you?
Will JD Wetherspoon break support, or will it rise again back to 1337p ?
- Rising support at 1270p since Christmas
- Latest bounce today to trade 1272p (at time of writing).
- Will the pattern repeat? Will the shares bounce to 1337p again?
- Shares -4.8% from 2018 highs; +21.5% from 2018 lows; +14.2% year-to-date.
- 6 Feb: Berenberg says shares look cheap as growth continues
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading JD Wetherspoon – An Example
Let’s say you like the JD Wetherspoon chart and you think the price is heading back towards 1337p again. You decide to buy exposure to £10,000 worth of JD Wetherspoon using a CFD, at the current price of 1272p. To do this, you need £2,000.
Let’s assume JD Wetherspoon rises back to highs of 1337p (+5.1%). Your profit would be £510, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. JD Wetherspoon falls 2% and hits your stop-loss. Your loss would be £200.
This is provided for information purposes only. It should not be taken as a recommendation.