Will Next turn, or will it continue to rise towards 6202p July highs?

• Breakout above 5243p; Now trading 5416p (at time of writing).
• Could they recover to prior highs of 6200p?
• Shares -0.2% from 2019 highs; +36.2% from 2019 lows; +35.7% year-to-date
• 21 Mar: Peel Hunt says full year results as good as could have been accepted
• 21 Mar: Liberum says Next well-suited to withstand tough market, hard Brexit
• 21 Mar: Hargreaves Lansdown says Next unlikely to abandon high street
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Next – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 6200p. You decide to buy exposure to £10,000 worth of Next using a CFD, at the current price of 5416p. To do this, you need £2,000.

Let’s assume the Next  trend continues to highs of 6200p (+14.4%). Your profit would be £1440, 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. Next 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.