Just Eat
A range trading opportunity for you?
Will Just Eat break support, or will it rise again to 888p highs?
- Rising support since December; Last bounced at 730p
- Now trading 762p (at time of writing)
- Will the pattern repeat itself, rising back to recent 888p highs?
- Shares -4.8% from 2019 highs; +33.8% from 2019 lows; +29.9% year to date
- 6 Mar: Just Eat subdued but still strong says Hargeaves Lansdown
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Just Eat – An Example
Let’s say you like the Just Eat range, you think it’s heading back up to 888p again. You decide to buy exposure to £10,000 worth of Just Eat using a CFD, at the current price of 762p. To do this, you need £2,000.
Let’s assume Just Eat rises back to 888p (+16.5%). Your profit would be £1650, 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. Just Eat 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.