Land Securities
A range trading opportunity for you?
Will Land Securities break support, or will it rise again to 946p?
- Rising support mid-January
- Bounced 4 times to trade 910p (at time of writing)
- Will the pattern repeat itself, rising back to recent highs of 946p?
- Shares -2.8% from 2019 highs; +16.1% from 2019 lows; +13.2% year-to-date.
- Shares found support after recent-sell-off, hopeful of Brexit progress
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Land Securities – An Example
Let’s say you like the Land Securities range, you think it’s heading back up to 946p again. You decide to buy exposure to £10,000 worth of Land Securities using a CFD, at the current price of 910p. To do this, you need £2,000.
Let’s assume Land Securities rises back to highs of 946p (+3.9%). Your profit would be £390, 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. Land Securities 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.