Will Marks & Spencer turn, or will it continue to rise to November highs of 313p?

• Shares +22% since Christmas.
• Now trading at 292p (at the time of writing)
• Will the positive momentum continue?
• Shares -1.4% from 2019 highs; +18.4% from 2019 lows; +18.4% year-to-date.
• 10 Jan: Reported “steady” Christmas trading and backed FY guidance.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Marks & Spencer – 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 Marks & Spencer using a CFD, at the current price of 292p. To do this, you need £2,000.

Let’s assume the Marks & Spencer trend continues to November highs of 313p (+7.2%). Your profit would be £720, 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. Marks & Spencer 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.