Will Greggs turn, or will it continue to rise to 2000p new all-time highs?

• Shares +10% in less than 10 days.
• Trading just off all-time record highs.
• 14 Mar: Edison Research says Greggs could pay a 53p special dividend this year.
• Now trading 1870p (at the time of writing).
• Will the positive momentum continue towards 288p recent highs?
• Shares -0.87% from 2019 highs; +49.1% from 2019 lows; +48.2% year-to-date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Greggs – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Greggs using a CFD, at the current price of 1870p. To do this, you need £2,000.

Let’s assume the Greggs trend continues to 2000p new all-time highs (+6.9%). Your profit would be £690, 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. Greggs falls 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.