Will Standard Chartered turn, or will it continue to rise beyond 700p? (+5%)

• The shares have broken above recent highs of 650p
• Shares trading 672p (at time of writing).
• The ‘trend is your friend’. Will it continue?
• UK banks rally after JP Morgan beat consensus (12th April)
• 31 Oct: Goodbody says StanChart shares boosted by new returns target
• Source: Bloomberg, FT, Reuters, DJ Newswires

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Trading Standard Chartered – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Standard Chartered using a CFD, at the current price of 672p. To do this, you need £2,000.

Let’s assume the Standard Chartered trend continues to 700p? (+5%)Your profit would be £500, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 2.5% from the current price. Standard Chartered breaks lower, falling 2.5% and it hits your stop-loss. Your loss would be £25.

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