Will Crest Nicholson break support, or will it rise back to the 410p range ceiling?

• 360-410p rising range since October
• Now trades 360p (at time of writing)
• Will the pattern repeat itself, rising back to the 410p range ceiling?
• Shares -12.5% from 2019 highs; +11.5% from 2019 lows; +9.6% year to date
• 22 Mar: Brexit delay giving the sector a boost after recent declines
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Crest Nicholson – An Example

Let’s say you like the range, you think it’s heading back towards 410p. You decide to buy exposure to £10,000 worth of Crest using a CFD, at the current price of 360p. To do this, you need £2,000.

Let’s assume Crest rises to the 410p range ceiling (+13.8%). Your profit would be £1380, 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. Crest 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.