Reckitt Benckiser
A trading opportunity for you?
Will Reckitt Benckiser break rising support, or will it rise again back to 6710p highs? (+2.5%)
- Reckitt Benckiser has a rising support level at 6575p since early July, bouncing 4 times, most recently this week.
- Now trading 6585p (at time of writing).
- Shares -2.5% from 2019 highs; +18.26% from 2019 lows; +7.8% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires
Trading Reckitt Benckiser – An Example
Let’s say you like the Reckitt Benckiser chart and you think the price is heading back towards 6710p again. You decide to buy exposure to £10,000 worth of Reckitt Benckiser using a CFD, at the current price of 6585p. To do this, you need £2,000.
Let’s assume Reckitt Benckiser rises back to 6710p (+2.5%). Your profit would be £250, 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. Reckitt Benckiser 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.