Will Sophos turn, or will it continue to rise to November highs of 498p?

• The chart shows the Sophos price action over the past month.
• Shares in a 6-week uptrend from 308p late November lows; now at 372p.
• Shares -44.8% from 2018 highs; +32.5% from 2018 lows; -34.7% year-to-date.
• Shares +17.3% in the past month. Will this momentum continue?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Sophos – 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 Sophos using a CFD, at the current price of 372p. To do this, you need £2,000.

Let’s assume Sophos trend continues to November highs of 498p (+33.9%). Your profit would be £3390, 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. Sophos rises 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.