Will Next  turn, or will it continue to rise to 6200p highs?

• Shares +9% from last week’s lows.
• Now trading 5471p (at the time of writing).
• Will the positive momentum take them back to prior 6200p highs?
• Shares -0.1% from 2019 highs; +37.2% from 2019 lows; +36.6% 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

Click to enlarge

Trading Next – 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 Next using a CFD, at the current price of 5471p. To do this, you need £2,000.

Let’s assume the Next trend continues to 6200p highs (+13.3%). Your profit would be £1330, 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 falls 5% and hits your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.