Will Sage turn, or will it continue to rise towards 825p?

• Breakout above 671p Aug highs; Now trading 682p (at time of writing).
• Could they recover to prior highs of 825p?
• Shares -0.3% from 2019 highs; +19.3% from 2019 lows; +13.5% year-to-date
• 18 Jan: Cloud transition on track, says Goldman Sachs
• 17 Jan:Off to a good start in FY19 says Bryan Garnier
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Sage – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 825p. You decide to buy exposure to £10,000 worth of Sage using a CFD, at the current price of 671p. To do this, you need £2,000.

Let’s assume the Sage trend continues to highs of 825p (+22.9%). Your profit would be £2290, 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. Sage 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.