Will Galliford Try continue falling, or will it rise again back to 783p last week’s highs?

• Galliford Try shares -13% from last week’s highs (-1.7% today).
• 18 Feb: Signed a £275m agreement for a London housing project in Ealing.
• 18 Feb: Housebuilders are sensitive to Rightmove House Prices slowing down in Feb.
• Now trades 676p (at time of writing).
• Shares -12.2% from 2019 highs; +15.4% from 2019 lows; +8.5% year-to-date.
• Can the stock recover to recent highs?
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Galliford Try – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 783p recent highs. You decide to buy exposure to £10,000 worth of Galliford Try using a CFD, at the current price of 676p. To do this, you need £2,000.

Let’s assume Galliford Try recovers back to 783p last week’s highs (+15.8%). Your profit would be £1580, 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. Galliford Try 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.