Marks & Spencer
A trading opportunity for you?
Will Marks & Spencer break support, or will it rise back to 302p ?
- Bounce off rising support at 276p to trade 280p (at time of writing).
- Will the pattern repeat? Will the shares bounce to 302p again?
- Shares -8.4% from 2019 highs; +15.2% from 2019 lows; +13.5% year-to-date.
- Brexit delay good for M&S European operations
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Marks & Spencer – An Example
Let’s say you like the Marks & Spencer chart and you think the price is heading back towards 302p again. You decide to buy exposure to £10,000 worth of Marks & Spencer using a CFD, at the current price of 280p. To do this, you need £2,000.
Let’s assume Marks & Spencer rises back to 302p (+7.8%). Your profit would be £780, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Marks & Spencer 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.