Paddy Power
A trading opportunity for you?
Will Paddy Power Betfair break support, or will it rise again back to 8848p ?
- Support zine since August 2017.
- Bounced around 6626p 5 times. Now trading at 6732p (at time of writing)
- Will the pattern repeat itself, bouncing up again towards 8848p?
- Shares -27.0% from 2018 highs; +0.4% from 2018 lows; -23.7% year-to date
- 20 Aug: Company completed £200m share buyback programme and started another £300m
- Source: Bloomberg, FT, Reuters, DJ Newswires
Trading Paddy Power Betfair– An Example
Let’s say you like the range, you think it’s heading back towards 8848p again. You decide to buy exposure to £10,000 worth of Paddy Power Betfair using a CFD, at the current price of 6732p. To do this, you need £2,000.
Let’s assume Paddy Power Betfair recovers back to 8848p. Your profit would be £3,143, 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. Paddy Power Betfair 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.