Will Man Group turn back, or will the breakout continue towards 183p?

• Breakout above 150p to trade 152p  (at time of writing).
• Shares +19% from recent lows
• The ‘trend is your friend’. Will it continue towards Sept highs of 183p?
• Shares -0.3% from 2019 highs; +19.0% from 2019 lows; +14.8% year-to-date.
• Asset Management company’s benefiting from 2019 global equity recovery
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Man Group – An Example

Let’s say the Man Group breakout appeals to you, you think it’s likely to continue towards 183p. You decide to buy exposure to £10,000 worth of Man Group using a CFD, at the current price of 152p. To do this, you need £2,000.

Let’s assume the Man Group trend continues to 183p (+20%). Your profit would be £2000, 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. Man Group breaks down, 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.