Will PageGroup continue falling, or will it rise again back to Friday’s high of 468p?

• PageGroup shares have fallen as low as -7% from Friday’s highs (11 Jan).
• Currently trading at 440.8p (at time of writing).
• Latest results met expectations, but the recruitment company highlighted “heightened geopolitical and macro-economic uncertainty, which has the potential to impact client and candidate confidence”.
• Shares -6.5% from 2018 highs; +1.1% from 2019 lows; -2.9% year-to-date.
• Can the stock recover to recent highs?
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading PageGroup – An Example

Let’s say you feel that the stock is a bargain and you think it could bounce back to recent highs of 468p. You decide to buy exposure to £10,000 worth of PageGroup using a CFD, at the current price of 440.8p. To do this, you need £2,000.

Let’s assume PageGroup recovers back to recent high of 468p (+6.3%). Your profit would be £630, from your initial investment of £2000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. PageGroup 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.