Will Domino UK & IRL turn, or will it continue to rise towards 285p?

• Breakout above 260p; Now trading 265p (at time of writing).
• Could they recover to prior highs of 285p?
• Shares -7.3% from 2019 highs; +19.8% from 2019 lows; +13.71% year-to-date
• 12 Mar: Citigroup says Domino’s shares more attractive after fall
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Domino UK & IRL – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 285p. You decide to buy exposure to £10,000 worth of Domino UK & IRL using a CFD, at the current price of 265p. To do this, you need £2,000.

Let’s assume the Domino UK & IRL trend continues to highs of 285p (+7.5%). Your profit would be £750, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Domino UK & IRL breaks lower, falling 3% and it hits your stop-loss. Your loss would be £300.

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