Will Travis Perkins break support, or will it rise again to 1480p?

• Rising support since late Jan, with 3 bounces
• Latest bounce at 1366p to trade 1387p (at time of writing).
• Will the pattern repeat, the shares climbing back towards 1480p?
• Shares -6.8% from 2019 highs; +33.1% from 2019 lows; +29.7% year-to-date.
• 26 Feb: Barclays says H2 profits beat estimates after strong Q4
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Travis Perkins – An Example

Let’s say you like the Travis Perkins chart and you think the price is heading back towards 1480p again. You decide to buy exposure to £10,000 worth of Travis Perkins using a CFD, at the current price of 1387p. To do this, you need £2,000.

Let’s assume Travis Perkins rises back to 1480p (+6.7%). Your profit would be £670, 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. Travis Perkins 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.