Superdry
A trading opportunity for you?
Will Superdry break support, or will it rise again back to 1398p ?
- Superdry has formed a support level since June
- Bounced off 1087p zone 4 times. Now trading 1108p (at time of writing)
- Will the pattern repeat itself, bouncing up again towards 1398p recent highs?
- Shares -47.2% from 2018 highs; +2.2% from 2018 lows; -44% year-to date
- Analysts at Berenberg (12 Sept) say the Appointment of Brigitte Danielmeyer as Chief Product Officer brings expertise to the Superdry brand.
- Peel Hunt (24 Aug) highlights as a notable structural growth story within a struggling Retail sector
Trading Superdry – An Example
Let’s say you like the range, you think it’s heading back towards 1398p again. You decide to buy exposure to £10,000 worth of Superdry using a CFD, at the current price of 1108p. To do this, you need £2,000.
Let’s assume Superdry recovers back to 1398p (+26.2%). Your profit would be £2617, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss 5% below the current price. Superdry 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.