Will Galliford Try  turn, or will it continue to rise towards 728p?

• Breakout above 633p; Now trading 651p (at time of writing).
• Could they recover to April highs of 728p?
• Shares -17.5% from 2019 highs; +30.3% from 2019 lows; +4.5% year-to-date
• 21 May: Galliford delivers good news after the bad says Liberum
• 21 May: Shares 8% after Construction Review outcome
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Galliford Try – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 728p. You decide to buy exposure to £10,000 worth of Galliford Try using a CFD, at the current price of 651p. To do this, you need £2,000.

Let’s assume the Galliford Try trend continues to highs of 728p (+11.8%). Your profit would be £1,180, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. Galliford Try breaks lower, falling 4% and it hits your stop-loss. Your loss would be £400.

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