Will B&M Euro Value Retail turn, or will it continue to rise towards 430p?

• Breakout above 359p, to trade fresh 2019 highs of 367p (at time of writing).
• Will the shares rally back to prior highs of 431p?
• Shares -0.5% from 2019 highs; +31.8% from 2019 lows; +30.7% year-to-date
• 10 Jan: Citi says B&M still a Buy despite lacklustre Q3 update
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading B&M Euro Value Retail – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 431p. You decide to buy exposure to £10,000 worth of B&M using a CFD, at the current price of 367p. To do this, you need £2,000.

Let’s assume the B&M trend continues to highs of 431p (+17.4%). Your profit would be £1740, 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. B&M breaks lower, falling 5% and it hits your stop-loss. Your loss would be £500.

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