Taylor Wimpey
A trading opportunity for you?
Will Taylor Wimpey break support, or will it rise again to 192p?
- Shallow rising support since Jan; Now trading 166p (at time of writing).
- Will the pattern repeat, the shares climbing back towards 192p?
- Shares -13.8% from 2019 highs; +24% from 2019 lows; +21.9% year-to-date.
- 25 Apr: On track to meet overall views for the year, weighted toward H2
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Taylor Wimpey – An Example
Let’s say you like the Taylor Wimpey chart and you think the price is heading back towards 192p again. You decide to buy exposure to £10,000 worth of Taylor Wimpey using a CFD, at the current price of 166p. To do this, you need £2,000.
Let’s assume Taylor Wimpey rises back to 192p highs (+15%). Your profit would be £1500, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. Taylor Wimpey falls 4% and hits your stop-loss. Your loss would be £400.
This is provided for information purposes only. It should not be taken as a recommendation.