Entertainment One
A range trading opportunity for you?
Will Entertainment One break support, or will it rise to previous 483p all time highs?
- Rising range since December
- Bounced from support 3 times. Now 449p (at time of writing)
- Will the pattern repeat itself, shares testing previous 483p all time highs?
- Shares -7.4% from 2018 highs; +29.6% from 2018 lows; +26% year-to-date
- 21 May: Entertainment One FY 2019 Pretax Profit Hit by One-Off Charges
- 16 Apr: Entertainment One’s Production Shift Will Bear Fruit: Numis
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading Entertainment One – An Example
Let’s say you like the Entertainment One range, you think it’s heading to previous 483p all time highs. You decide to buy exposure to £10,000 worth of Entertainment One using a CFD, at the current price of 483p. To do this, you need £2,000.
Let’s assume Entertainment One rise to 483p (7.5%). Your profit would be £750, 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. Entertainment One rises 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.