St James’s Place
A trading opportunity for you?
Will St James’s Place break support, or will it rise again back to 997p ?
- Rising support at 928p to trade Latest 941p (at time of writing).
- Will the pattern repeat? Will the shares bounce to 997p again?
- Shares -7.6% from 2019 highs; +0.8% from 2019 lows; -0.5% year-to-date.
- 24 Jan: St. James’s Place proved resilient in Q4 says Barclays
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading St James’s Place – An Example
Let’s say you like the St James’s Place chart and you think the price is heading back towards 997p again. You decide to buy exposure to £10,000 worth of St James’s Place using a CFD, at the current price of 941p. To do this, you need £2,000.
Let’s assume St James’s Place rises back to highs of 997p (+5.9%). Your profit would be £590, 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. St James’s Place 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.