Will Paddy Power turn, or will it continue to rise to 7337p highs?

• Shares +12% from March lows.
• Now trading 6052p (at the time of writing).
• Will the positive momentum take them back to prior 7337p Nov. highs?
• Shares -12.5% from 2019 highs; +12.1% from 2019 lows; -5.6% year-to-date
• Shares higher since full year results on 6 March
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Paddy Power – 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 Paddy Power using a CFD, at the current price of 6052p. To do this, you need £2,000.

Let’s assume the Paddy Power trend continues to 7337p highs (+21%). Your profit would be £2100, 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. Paddy Power 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.