Will Admiral break lower, or will it rise back to 2132p highs again?

• Admiral shares are trading in a narrowing range since September.
• Bounced off rising support 5 times, most recently this/last week.
• Now trading 1996p (at time of writing)
• Will the pattern repeat itself, testing previous highs?
• Shares -7.3% from 2018 highs; +10.5% from 2018 lows; -0.3% year-to-date
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Admiral – An Example

Let’s say you like the range, you think it’s heading back towards 2132p highs again. You decide to buy exposure to £10,000 worth of Admiral using a CFD, at the current price of 1996p. To do this, you need £2,000.

Let’s assume Admiral rise back to 2132p highs (+6.8%). Your profit would be £680, 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. Admiral 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.