Will Auto Trader turn, or will it continue rising towards 650p?

• Breakout above 592p; Now trading 595p (at time of writing).
• Could they keep rising towards a new record high of 650p?
• Shares -1.1% from 2019 highs; +37.4% from 2019 lows; +30.8% year-to-date
• 29 Apr:Choice of New CEO is Good Move says Peel Hunt
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Auto Trader – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 650p. You decide to buy exposure to £10,000 worth of Auto Trader using a CFD, at the current price of 595p. To do this, you need £2,000.

Let’s assume the Auto Trader trend continues towards a record high of 650p (+9.2%). Your profit would be £920, 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. Auto Trader breaks lower, falling 3% and it hits your stop-loss. Your loss would be £300.

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