Will Hammerson turn, or will it continue to rise towards 400p resistance?

• The chart shows Hammerson price action since late October.
• Shares trading close to 2019 highs; +9.6% from 2019 lows; +5.6% year-to-date.
• Shares have rallied over 13% since the beginning of the year.
• Now trading at 347p (at the time of writing)
• 16 Jan: Shares upgraded from Buy by brokers at Deutsche Bank
• Will the strong positive momentum continue?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Hammerson – 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 Hammerson using a CFD, at the current price of 347p. To do this, you need £2,000.

Let’s assume the Hammerson trend continues to 400p July falling highs resistance highs (+15.2%). Your profit would be £1520, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 7% from the current price. Hammerson  falls 7% and hits your stop-loss. Your loss would be £700.

This is provided for information purposes only. It should not be taken as a recommendation.