Will Berkeley Group turn, or will it continue to rise towards 4333p 2018 highs?

• Shares broken above resistance at 3751p to trade 3828p (at time of writing).
• The ‘trend is your friend’. Will it continue to 2018 highs of 4333p?
• Shares -12.9% from 2018 highs; +19.2% from 2018 lows; +10.0% year-to-date.
• 16 Jan: Bovis forecasts profits ahead of expectations and ups dividend
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Berkeley Group – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Berkeley Group using a CFD, at the current price of 3828p. To do this, you need £2,000.

Let’s assume the Berkeley Group trend continues toward 4333p 2018 highs (+13.2%). Your profit would be £1320, 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. Berkeley Group breaks lower, falling 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.