Will Smurfit Kappa break support, or will it rise back to 2400p range ceiling?

• 2106p-2400p Rising range since late January
• Bounced 6 times to trade 2292p (at time of writing)
• Will the pattern repeat itself, rising back to 2400p?
• Shares -6.4% from 2019 highs; +13.3% from 2019 lows; +10.4% year-to-date.
• 13 Feb: Packaging company reported strong results, profits +25% last year.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Smurfit Kappa – An Example

Let’s say you like the Smurfit Kappa range, you think it’s heading back up to 2550p again. You decide to buy exposure to £10,000 worth of Smurfit Kappa using a CFD, at the current price of 2240p. To do this, you need £2,000.

Let’s assume Smurfit Kappa rises back to 2550p (+4.7%). Your profit would be £470, 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. Smurfit Kappa 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.