Will Paddy Power Betfair continue falling, or will it rise again back to February high of 6597p?

• Paddy Power Betfair shares -8% from Feb highs.
• Bounced +1.3% from from Jan-Feb shallow rising support.
• Gambling shares hit by equine flu outbreak, but racing already resumed
• Now trades 6125p (at time of writing).
• Shares -11.6% from 2019 highs; +1.6% from 2019 lows; -4.3% year-to-date.
• Can the stock recover to recent highs?
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Paddy Power Betfair – An Example

Let’s say you feel that the stock is a bargain and you think it could bounce back to recent highs of 6597p. You decide to buy exposure to £10,000 worth of Paddy Power Betfair using a CFD, at the current price of 6125p. To do this, you need £2,000.

Let’s assume Spire Healthcare recovers back to February high of 6597p (+7.7%). Your profit would be £770, from your initial investment of £2000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Paddy Power Betfair 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.