National Grid
A trading opportunity for you?
Will National Grid break support, or will it rise again back to highs of 854p?
- Bounced off support at 808p; Now trading 817p (at time of writing).
- Will the pattern repeat, the shares climbing back towards 854p?
- Shares -8.5% from 2019 highs; +9.5% from 2019 lows; +6.9% year-to-date.
- Shares hit by profit declines and, talk of Labour nationalization
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading National Grid – An Example
Let’s say you like the National Grid chart and you think the price is heading back towards 854p again. You decide to buy exposure to £10,000 worth of National Grid using a CFD, at the current price of 817p. To do this, you need £2,000.
Let’s assume National Grid rises back to 854p (+4.5%). Your profit would be £450, 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. National Grid 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.