Will Man Group turn, or will it continue to rise beyond 155p?

• The chart shows the Man Group price action over the past 2.5 months.
• Shares in a 2-week uptrend from 136p October lows; now at 155p.
• Breakout to fresh multi-week highs
• Shares -30.2% from 2018 highs; +12.5% from 2018 lows; -24.9% year-to-date
• In the last 2 weeks, the shares have risen almost 14%. Will this momentum continue?
• 22 Oct: UBS says Man Group share price fall implies unrealistically low fees
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading Man Group – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Man Group using a CFD, at the current price of 155p. To do this, you need £2,000.

Let’s assume Man Group trend continues to 183p September highs (+18.1%). Your profit would be £1810, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Man Group 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.