Will Greencore continue falling, or will it rise again back to 207p recent highs?

• Greencore -11.7% from January’s highs after reporting Q1 revenues -5.7%
• Shares bouncing +2.1% from today’s lows
• Now trades 187p (at time of writing).
• Shares -11% from 2019 highs; +4.1% from 2019 lows; +4.9% year-to-date.
• Can the stock recover to recent highs?
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Greencore – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards recent high of 207p. You decide to buy exposure to £10,000 worth of Greencore using a CFD, at the current price of 187p. To do this, you need £2,000.

Let’s assume Greencore recovers back to 207p recent highs (+10.6%). Your profit would be £1060, 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. Greencore falls 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.