Restaurant Group
A trading opportunity for you?
Will Restaurant Group continue falling, or will it rise again back to 146p this week’s highs?
- Restaurant Group shares -13.5% from last week’s highs; -11% today.
- Shares falling after CEO decided to leave the company for personal reasons.
- Now trades 130p (at time of writing).
- Shares -20.6% from 2019 highs; currently trades 2019 lows; -8.6% year-to-date.
- Can the stock recover to recent highs?
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading Restaurant Group – An Example
Let’s say you feel that the stock is a bargain and you think could bounce back towards 146p recent highs. You decide to buy exposure to £10,000 worth of Restaurant Group using a CFD, at the current price of 130p. To do this, you need £2,000.
Let’s assume Restaurant Group recovers back to 146p this week’s highs (+12.3%). Your profit would be £1230, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Restaurant Group falls 5% and hits your stop-loss. Your loss would be £500.
This is provided for information purposes only. It should not be taken as a recommendation.