Lloyds
A trading opportunity for you?
Will Lloyds break support, or will it rise again to 66p April highs?
- 2 touches off support since February.
- Will the pattern repeat itself, rising back to April levels of 66p? (+4%)
- Now trading 59p. (at time of writing)
- 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 -10.8% from 2019 highs; +18.7% from 2019 lows; +14.94% 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 59p. To do this, you need £2,000.
Let’s assume Lloyds rises back to 66p (+11.8%). Your profit would be £1180, from your initial investment of £2000.
Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Lloyds falls 3% and hits your stop-loss. Your loss would be £300.
This is provided for information purposes only. It should not be taken as a recommendation.