Will Next continue falling, or will it rise again back to 4986p last week’s highs?

• Next shares -5.7% from last week’s highs.
• Shares rebounding from early Jan rising support today.
• Now trades 4732p (at time of writing).
• Shares -5.3% from 2019 highs; +18.8% from 2019 lows; +18.6% year-to-date.
• Can the stock recover to recent highs?
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Next – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 4986p recent highs. You decide to buy exposure to £10,000 worth of Next using a CFD, at the current price of 4732p. To do this, you need £2,000.

Let’s assume Next recovers back to 4986p last week’s highs (+5.3%). Your profit would be £530, 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. Next falls 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.