Will Playtech break resistance, or will it fall back to 362p?

• 362-435p range since early Jan, trading off the top of the range
• Now trades 410p (at time of writing)
• Will the pattern repeat itself, testing previous 365p Feb lows?
• Shares -6.7% from 2019 highs; +13.6% from 2019 lows; +6.5% year to date
• Shares in gambling peers (GVC, Paddy Power, William Hill) are down sharply today.
• Playtech has a technology-sharing deal with GVC (GVC shares -14%)
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Playtech – An Example

Let’s say you like the range, you think it’s heading back towards 365p again. You decide to sell exposure to £10,000 worth of Playtech using a CFD, at the current price of 410p. To do this, you need £2,000.

Let’s assume Playtech fall back to 365p (-10.9%). Your profit would be £1090, 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. Playtech rises 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.