Will Funding Circle break support, or will it rise to 402p?

• 236-402p range since its late November IPO; Now 248p (at time of writing)
• Will the pattern repeat itself, testing the 402p ceiling again?
• Shares -39.5% from 2019 highs; +5.9% from 2019 lows; -28% year-to-date.
• 18 Apr: Q1 revenues +40%; Numis says it could benefit from state lending in a recession
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Funding Circle – An Example

Let’s say you like the range, you think it’s heading back towards 402p again. You decide to buy exposure to £10,000 worth of Funding Circle using a CFD, at the current price of 248p. To do this, you need £2,000.

Let’s assume Funding Circle recovers to 402p (+62%). Your profit would be £6200, 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. Funding Circle rises 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.