Lloyds
A trading opportunity for you?
Will Lloyds break support, or will it rise again to 66p (+4%)
- 3 touches off rising support since March.
- Will the pattern repeat itself, rising back to recent levels of 66p? (+4%)
- 11th April. Lloyds as a Brexit sensitive stock is up today by 0.6% on the back of Brexit news of a delay until October 31st.
- Shares at -3% from 2019 highs; +24% from 2019 lows; -4% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Lloyds – An Example
Let’s say you like the Lloyds support, you think it’s heading back up to 66p. You decide to buy exposure to £10,000 worth of Lloyds using a CFD, at the current price of 66p. To do this, you need £2,000.
Let’s assume Lloyds rises back to 66p (+4%). Your profit would be £400, from your initial investment of £2000.
Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. ASOS 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.