ITV
A trading opportunity for you?
Will ITV continue falling, or will it rise again back to late April’s 140p highs?
- Shares –23% from April’s highs
- Currently trading 107p (at time of writing).
- Can the stock recover Apr highs of 140p?
- Shares -23.6% from 2019 highs; +0.9% from 2019 lows; -13.4% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
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Trading ITV – An Example
Let’s say you feel that the stock is a bargain and you think it could bounce back to recent highs of 140p. You decide to buy exposure to £10,000 worth of ITV using a CFD, at the current price of 107p. To do this, you need £2,000.
Let’s assume ITV recovers back to 140p (+30%). Your profit would be £3000, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. ITV falls 5% and hits your stop-loss. Your loss would be £500.
This is provided for information purposes only. It should not be taken as a recommendation.