Will Metro Bank turn, or will it continue to rise to 2243p recent highs?

• Shares +28% since 1601p December lows.
• Currently 2044p (at time of writing).
• 19 Dec: To take part in £350m programme helping customers switch from RBS.
• Shares -49.6% from 2018 highs; +28% from 2018 lows; +20.5% year-to-date.
• Will the strong positive momentum continue?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Metro Bank – 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 Metro Bank using a CFD, at the current price of 2044p. To do this, you need £2,000.

Let’s assume Metro Bank trend continues to 2243p recent highs (+9.7%). Your profit would be £970, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. Metro Bank falls 4% and hits your stop-loss. Your loss would be £400.

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