Metro Bank
A trading opportunity for you?
Will Metro Bank break support, or will it rise again to 700p (+33%)?
- Twin support at 520p; Now trading 523p (at time of writing).
- Will the pattern repeat, the shares climbing back towards 700p (+33%)?
- Shares -76.4% from 2019 highs; +10.2% from 2019 lows; -69.1% year-to-date.
- 17May: Metro Bank soars as £375m fund-raising tops expectations
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Metro Bank – An Example
Let’s say you like the Metro Bank chart and you think the price is heading back towards 700p again. You decide to buy exposure to £10,000 worth of Metro Bank using a CFD, at the current price of 523p. To do this, you need £2,000.
Let’s assume Metro Bank rises back to 4779p highs (+33%). Your profit would be £3300, 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. Metro Bank 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.