Will Playtech continue falling, or will it rise again back to 400p?

• Playtech share price -5.8% today; now trading at 372p (at the time of writing).
• Shares -55.4% from 2018 highs, +5.0% from 2018 lows, -56.7% year-to-date.
• Can the shares bounce back to recent 420p highs?
• 24 Dec: Playtech expects 2019 hit from planned Italy gambling taxes
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Playtech – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 420p. You decide to buy exposure to £10,000 worth of Playtech using a CFD, at the current price of 372p. To do this, you need £2,000.

Let’s assume Playtech recovers back to recebt highs of 420p (+12.9%). Your profit would be £1290, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Playtech 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.