A range trading opportunity for you?

Will Rightmove break support, or will it rise again back to 488p?

• Range developed over last 3 weeks.
• Bounced off 471p zone 6 times in September. Now trading 472p (at time of writing)
• Will the pattern repeat itself, testing previous highs?
• Shares -11.8% from 2018 highs; +14.8% from 2018 lows; +5% year-to-date
• Benefits from resilient UK housing market

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Trading Rightmove – An Example

Let’s say you like the range, you think it’s heading back towards 488p again. You decide to buy exposure to £10,000 worth of Rightmove using a CFD, at the current price of 472p. To do this, you need £2,000.

Let’s assume Rightmove recovers back to 488p. Your profit would be £339, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price, at 462p. Rightmove falls 3% and hits your stop-loss. Your loss would be £200.

This is provided for information purposes only. It should not be taken as a recommendation.