Will Compass Group break support, or will it rise back to 1800p?

• Rising range since November, bounced off floor
• Now trades 1711p (at time of writing)
• Will the pattern repeat itself, testing previous highs of 1800p?
• Shares -6.7% from 2019 highs; +8.5% from 2019 lows; +3.6% year-to-date.
• 7 Feb: Compass shares hit record high after Q1 revenue growth
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Compass Group – An Example

Let’s say you like the range, you think it’s heading back towards 1800p again. You decide to buy exposure to £10,000 worth of Compass Group using a CFD, at the current price of 1711p. To do this, you need £2,000.

Let’s assume Compass Group rises to 1800p (+5.2%). Your profit would be £520, 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. Compass Group 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.