Will Aviva break support, or will it rise back to 436p? (+7%)

• 401-436p range since mid-March; Now 407p (at time of writing)
• Will the pattern repeat itself, rising back to 436p?
• Shares -7.9% from 2019 highs; +12% from 2019 lows; +8.5% year-to-date.
• 28 May: FT suggests Aviva could split into Life and Non-Life again
• 29 Apr: Aviva among best bets to gain on lower life expectancy, says Jefferies
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Aviva – An Example

Let’s say you like the range, you think it’s heading back towards 436p again. You decide to buy exposure to £10,000 worth of Aviva using a CFD, at the current price of 407p. To do this, you need £2,000.

Let’s assume Aviva rises to 436p (+7%). Your profit would be £700, 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. Aviva falls 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.