Will Moneysupermarket break higher, or will it fall again to 1960p?

• Narrowing 267-310p range since October
• Fallen back to trade 302p (at time of writing)
• Will the pattern repeat itself, shares falling back to 267p?
• Shares -17.9% from 2018 highs; +25.5% from 2019 lows; +9.8% year-to-date
• 2 Nov: Liberum says company can move on from price comparison model
• 10 Sept: Peel Hunt notes possibility of Amazon entering comparison space
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Moneysupermarket – An Example

Let’s say you like the range, you think it’s heading back down to 267p again. You decide to Sell exposure to £10,000 worth of Moneysupermarket using a CFD, at the current price of 302p. To do this, you need £2,000.

Let’s assume Moneysupermarket falls back to rising support at 267p (-11.6%). Your profit would be £1160, 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. Moneysupermarket rises 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.