A range trading opportunity for you?

Will SSP break lower, or will it rise back again to 720p?

• The SSP range has developed since January
• Bounced off rising support line 7 times, most recently at 648p. Now trading 654p (at time of writing)
• Will the pattern repeat itself, testing previous highs?
• Shares -11.7% from 2018 highs; +10% from 2018 lows; -7.3% year-to-date
• Operates branded catering and retail concessions at over 125 airports and 270 railway stations around the world
• 26 Sept: SSP set to increase contract wins says Liberum
• 26 Sept: SSP may return more cash, Shore Capital says Buy
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading SSP – An Example

Let’s say you like the SSP range, you think it’s heading back towards 720p again. You decide to buy exposure to £10,000 worth of SSP using a CFD, at the current price of 654p. To do this, you need £2,000.

Let’s assume SSP rises back to 720p (+10%). Your profit would be £1000, 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. SSP 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.