Will GVC break support, or will it rise again to 750p?

• 626-750p range since mid-December; Now trading 671p (at time of writing)
• Will the pattern repeat itself, shares testing 750p highs?
• Shares -44.1% from 2018 highs; +6.2% from 2018 lows; –0.4% year-to-date
• 17 Jan: GVC finished 2018 strongly, Peel Hunt raises forecasts
• 17 Jan: Berenberg says GVC confirms ability to beat expectations
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading GVC – An Example

Let’s say you like the range, you think it’s heading back towards 750p again. You decide to Buy exposure to £10,000 worth of GVC using a CFD, at the current price of 671p. To do this, you need £2,000.

Let’s assume GVC rises back to range ceiling at 750p (+11.8%). Your profit would be £1180, 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. GVC 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.