Will Sophos turn, or will it continue to rise towards Oct highs of 497p?

• Breakout above 398p; Now trading 419p (at time of writing).
• Could they recover to Oct highs of 497p
• Shares -2.1% from 2019 highs; +53.6% from 2019 lows; +10.9% year-to-date
• 16 May: Sophos patching up damaged credibility say Hargreaves Lansdown
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Sophos– An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 497p. You decide to buy exposure to £10,000 worth of Sophosusing a CFD, at the current price of 419p. To do this, you need £2,000.

Let’s assume the Sophos trend continues to highs of 419p (+18.6%). Your profit would be £1860, 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. Sophos breaks lower, falling 5% and it hits your stop-loss. Your loss would be £500.

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