SSP
A trading opportunity for you?
Will SSP continue falling, or will it rise again back to recent 711p November highs?
- SSP shares have fallen over 7.5% today to trade 632p (at time of writing).
- Shares -15.4% from 2018 highs; +2.1% 2018 lows; -10.1% year-to-date.
- Travel concession operator highlighted uncertainty over passenger numbers in FY results today.
- CEO Kate Swann also decided to step down with immediate effect.
- Recent share price range: Nov highs 711p; Nov lows 619p.
- Can the stock regain recent highs?
- Source: Dow Jones, Bloomberg, FT, Company News
Click to enlarge
Trading SSP – An Example
Let’s say you feel that the stock is a bargain and you think it could bounce back to recent highs of 711p. You decide to buy exposure to £10,000 worth of SSP using a CFD, at the current price of 632p. To do this, you need £2000.
Let’s assume SSP recovers back to 711p (+12.5%). Your profit would be £1250, from your initial investment of £2000.
Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. SSP falls 4% and hits your stop-loss. Your loss would be £400.
This is provided for information purposes only. It should not be taken as a recommendation.