Vodafone reports results on Tues, 13 November

• The chart shows the price movement last time Vodafone reported: Q1 Trading Update, 25 July.
• Shares opened -1.2p (-0.7%), traded as high as as +0.7p (+0.4%), and as low as -4.2p (-2.6%).
• The shares closed -2.6p (-1.4%) for a daily range of 4.9p or 2.7%.
• Shares -40% from 2018 highs; trading at 2018 lows; -38.8% year-to-date.
• Recent share price range: mid-Oct highs 154p; Oct low 142p. Currently 145p (at time of writing).
• Results were in linel; Q1 organic service revenue slow; FX headwinds.
• Vodafone publishes H1 Results on Tues, 13 Nov.
• Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading Vodafone – An Example

Let’s say you think that Vodafone results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Vodafone using CFDs, at the current price of 145p. To do this, you need £2,000.

For the purpose of this example, let’s assume Vodafone 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 3% below the current price. Vodafone results miss, it 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.