Will St James’s Place break support, or will it rise again to 1004p?

• Rising support since December, latest bounce at 930p
• Now trading 936p (at time of writing).
• Will the pattern repeat, the shares climbing back towards 1004p?
• Shares -6.2% from 2019 highs; +2.3% from 2019 lows; -0.75% year-to-date.
• 27 Feb: Wealth manager’s profit and funds increased in 2018
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

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 1004p again. You decide to buy exposure to £10,000 worth of St James’s Place using a CFD, at the current price of 936p. To do this, you need £2,000.

Let’s assume St James’s Place rises back to 1004p highs (+7.2%). Your profit would be £720, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. St James’s Place falls 3% and hits your stop-loss. Your loss would be £300.

This is provided for information purposes only. It should not be taken as a recommendation.