GVC Holdings
Is this trend a good trading opportunity?
Will GVC turn back, or will it continue to rise towards March highs of 725p?
- Shares +27% since late March; lowsNow 632p (at the time of writing).
- Will the shares keep rallying back towards March highs of 725p?
- 5 Apr: Q1 revenues grow, management backs 2019 expectations
- Shares -16.7% from 2019 highs; +25.6% from 2019 lows; -6.1% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
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Trading GVC – 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 GVC using a CFD, at the current price of 632p. To do this, you need £2,000.
Let’s assume the GVC trend continues to 725p March highs (+14.7%). Your profit would be £1470, 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. GVC 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.