J Sainsbury reports results on Thursday, 8 November

• The chart shows the price movement last time J Sainsbury reported: Q1 Trading Statement, 4 July.
• Shares opened nearly flat (+0.4p/0.1%, low of the day), then rose as high as +10.9p (+3.4%).
• The shares closed +9.4p (+3%) for a daily range of 10.5p or 3.3%.
• Total sales were weak, missing market expectations, but general merchandise outperformed a very challenging market.
• Shares -8.4% from 2018 highs; +39.4% from 2018 lows; -29.3% year-to-date.
• Recent share price range: Oct lows 297p; Oct highs 324p. Currently 312.2p (at time of writing).
• J Sainsbury publishes H1 Results on Thursday, 8 Nov.
• Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading J Sainsbury – An Example

Let’s say you think that J Sainsbury results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of J Sainsbury using CFDs, at the current price of 312.2p. To do this, you need £2,000.

For the purpose of this example, let’s assume J Sainsbury 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. J Sainsbury 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.