Sophos
A trading opportunity for you?
Will Sophos break support, or will it rise again back to 396p highs?
- Rising support since late January
- Latest bounce at 336p to trade 343p (at time of writing).
- Will the pattern repeat, the shares climbing back towards 396p?
- Bullish ascending triangle?
- Shares -49.8% from 2018 highs; +24% from 2018 lows; -9.4% year-to-date.
- 21 Jan: Sophos may become takeover target says Numis
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Sophos – An Example
Let’s say you like the Sophos chart and you think the price is heading back towards 396p again. You decide to buy exposure to £10,000 worth of Sophos using a CFD, at the current price of 343p. To do this, you need £2,000.
Let’s assume Sophos rises back to 396p (+15.5%). Your profit would be £1545, 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. Sophos 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.