Will Tate turn, or will it continue to rise towards 2016 highs at 846p highs?

• Shares +8.6% from last week’s lows; Now 801p (at the time of writing).
• Will the positive momentum take them to previous 2016 highs of 846p?
• Shares -1% from 2019 highs; +22.3% from 2019 lows; +21.4% year-to-date.
• 3 May: Tate & Lyle Offers Good Value as Takeover Rumors Swirl: Liberum
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Tate– An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Tate using a CFD, at the current price of 801p. To do this, you need £2,000.

Let’s assume the Tate trend continues to previous 2016 highs at 846p (+5.6%). Your profit would be £560, 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. Tate 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.