Next reports results on Wednesday, 31 October

• The chart shows the price movement last time Next reported: H1 Results, 25 Sept.
• Shares opened +382p (+7.5%), went as low as +350p (+6.8%) and as high as +522p (+10.2%, high of the day).
• The shares closed +394p (+7.7%) for a daily range of 172p or 3.4%.
• Shares jumped 25 September after the company raised Full year guidance
• Next’s last five set of results have seen shares close anywhere between -7% and +7% with ranges of 2.8%  to 9.1%.
• Shares -17.1% from 2018 highs; +15.2% from 2018 lows; +15.7% year-to-date.
• Recent share price range: Oct lows 4996p; Oct highs 5590p. Currently 5236p (at time of writing).
• Next publishes a Q3 Trading update on Wednesday, 31 Oct.
• Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading Next – An Example

Let’s say you think that Next results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Next using CFDs, at the current price of 5235p. To do this, you need £2,000.

For the purpose of this example, let’s assume Next reports strong results and the shares rise 10%. Your profit would be £1,000, from your initial investment of £2,000.

Conversely, let’s assume you open the position, and place a stop-loss 5% below the current price. Next results miss, it falls 5% and hits your stop-loss. Your loss would be £500.

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