Will Bellway turn, or will it continue to march upwards to 3108p mid-Nov highs?

• Shares +20% from 2453p late-Dec lows.
• Currently 2955p (at time of writing).
• 18 Jan: Housebuilders rally after strong results from small-cap rival Henry Boot.
• Shares trade near 2019 highs; +16.44% from 2019 lows; +17.7% year-to-date.
• Will the strong positive momentum continue?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Bellway – 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 Bellway using a CFD, at the current price of 2955p. To do this, you need £2,000.

Let’s assume Bellway trend continues to 3108p mid-Nov highs (+5.1%). Your profit would be £510, from your initial investment of £2,000.

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