IWG
A trading opportunity for you?
Will IWG continue falling, or will it rise again back to 306p?
- The price has fallen over 31% from 2018 highs.
- It has been as high as 334p in June. It is now at 220.5p.
- Credit Suisse downgraded IWG to Underperform (18 Sep), target price cut to 200p
- IWG shares are nearing 220p support level from which it bounced 6 times since January
Trading IWG – An Example
Let’s say you feel that the stock is a bargain and you think could bounce back towards July level of 306p again. You decide to buy exposure to £10,000 worth of IWG using a CFD, at the current price of 220.5p. To do this, you need £2,000.
Let’s assume IWG recovers back to 306p. Your profit would be £3,877, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 10% from the current price, at 220.5p. IWG falls 10% and hits your stop-loss. Your loss would be £1,000.
This is provided for information purposes only. It should not be taken as a recommendation.