Will Berkeley Group turn, or will it continue to rise towards 4333p?

• Breakout above 3859p to trade fresh 2019 highs
• Now trading 3902p (at time of writing).
• Shares-1.3% from 2019 highs; +13.1% from 2019 lows; +12.2% year-to-date
• 26 Feb: UK housebuilder shares strong on Brexit optimism
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Berkeley Group – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 4333p. You decide to buy exposure to £10,000 worth of Berkeley Group using a CFD, at the current price of 3902p. To do this, you need £2,000.

Let’s assume the Berkeley Group trend continues to highs of 4333p (+11%). Your profit would be £1100, 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. Berkeley Group breaks lower, falling 3% and it hits your stop-loss. Your loss would be £300.

This is provided for information purposes only. It should not be taken as a recommendation.