Will Paddy Power Betfair turn, or will it continue to rise to 7337p Nov highs?

• Shares +9.5% in 1 week.
• 1 Feb: Purchased a 51% stake in Georgia’s largest online gambling firm
• Now trading 6572p (at the time of writing).
• Will the positive momentum continue towards 7337p?
• Shares -5.6% from 2019 highs; +8.4% from 2019 lows; +2.7% year-to-date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Paddy Power Betfair – 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 Paddy Power Betfair using a CFD, at the current price of 6572p. To do this, you need £2,000.

Let’s assume the Paddy Power Betfair trend continues to 7337p Nov highs (+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 4% from the current price. Paddy Power Betfair 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.