Next
A trading opportunity for you?
Will Next break support, or will it rise again back to 5012p highs?
- Next has shallow rising support since 17 Dec, bouncing 10 times
- Now trading 4101p (at time of writing).
- Will the pattern repeat itself, with the shares revisiting recent highs?
- Shares -35% from 2018 highs; +2% from 2018 lows; -9.3% year-to-date.
- Next issues its Q4/Christmas trading update on Thursday.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Next – An Example
Let’s say you like the Next, you think it’s heading back towards 5012p again. You decide to buy exposure to £10,000 worth of Next using a CFD, at the current price of 4101p. To do this, you need £2,000.
Let’s assume Next rises back to 5012p (+22.2%). Your profit would be £2220, 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. Next 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.