Tate & Lyle
A trading opportunity for you?
Will Tate & Lyle break support, or will it rise again to 804p?
- Rising support since October; bounce off 714p.
- Now trading 723p (at time of writing).
- Will the pattern repeat, the shares climbing back towards 804p highs?
- Shares -10.6% from 2019 highs; +10.5% from 2019 lows; +9.7% year-to-date.
- 23 May: Tate & Lyle’s potential is in the margins says Liberum
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Tate & Lyle – An Example
Let’s say you like the Tate & Lyle chart and you think the price is heading back towards 804p again. You decide to buy exposure to £10,000 worth of Tate & Lyle using a CFD, at the current price of 723p. To do this, you need £2,000.
Let’s assume Tate & Lyle rises back to 804p highs (+11%). Your profit would be £1100, 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. Tate & Lyle 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.