Will WH Smith turn, or will it continue to rise to September ’18 highs of 2135p?

• Shares +20% since late December.
• Now trading at 2004p (at the time of writing)
• Will the positive momentum continue?
• Shares -1.36% from 2019 highs; +15.7% from 2019 lows; +16.5% year-to-date.
• 23 Jan: The retailer reported strong growth in its travel division (airports, train stations).
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading WH Smith – 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 WH Smith using a CFD, at the current price of 2004p. To do this, you need £2,000.

Let’s assume the WH Smith trend continues to September ’18 highs of 2135p (+6.5%). Your profit would be £650, 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. WH Smith 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.