Will Hays break support, or will it rise back to 159p?

• Sideways range since Jan, bounced off floor
• Now trades 147p (at time of writing)
• Will the pattern repeat itself, rising back to the ceiling at 159p ceiling?
• Shares -9.9% from 2019 highs; +8.6% from 2019 lows; +5.2% year-to-date.
• 16 Apr: Hays Q3 comparable net fees +6%; Says outlook good
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Hays – An Example

Let’s say you like the range, you think it’s heading back towards 159p again. You decide to buy exposure to £10,000 worth of Hays using a CFD, at the current price of 147p. To do this, you need £2,000.

Let’s assume Hays rises to 159p (+8.1%). Your profit would be £810, 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. Hays falls 3% and hits your stop-loss. Your loss would be £300.

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