Will JD Wetherspoon continue falling, or will it recover to recent 1357p highs?

• Shares down 5.9% from yesterday’s highs; Now 1300p (at time of writing).
• Can the stock recover recent 1357p highs?
• Shares -5.9% from 2019 highs; +21.5% from 2019 lows; +16.9% year-to-date.
• 8 May: Wetherspoon Backs Full-Year View After 3Q Like-for-Like Sales Rise
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading JD Wetherspoon – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 1357p. You decide to buy exposure to £10,000 worth of JD Wetherspoon using a CFD, at the current price of 1300p. To do this, you need £2,000.

Let’s assume JD Wetherspoon recovers back to 1357p April highs (+4.3%). Your profit would be £430, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. JD Wetherspoon falls 2% and hits your stop-loss. Your loss would be £200.

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