Will Berkeley Group turn, or will it continue to rise to summer high of 4334p?

• The chart shows the Berkeley Group price action since mid-October.
• Shares in a 2-week uptrend from 3292p lows; now at 3663p.
• Shares -16.25% from 2018 highs; +12.6% from 2018 lows; -12.8% year-to-date.
• Housebuilders are bouncing back from recent lows on the back of strong mortgage lending in September and on recent hopes of a Brexit deal.
• In the past 2 weeks, the shares have risen over 12%. Will this momentum continue?
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading Berkeley 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 Berkeley Group using a CFD, at the current price of 6336p. To do this, you need £2,000.

Let’s assume Berkeley Group trend continues to summer high of 4334p (+46.2%). Your profit would be £4620, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 8% from the current price. Berkeley Group falls 8% and hits your stop-loss. Your loss would be £800.

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