Senior
A trading opportunity for you?
Will Senior continue falling, or will it recover 230p highs (+12%)?
- Shares -15% from recebt highs; bounced by 2%
- Bounce off support to trade 205p (at time of writing)
- Will the pattern repeat itself, rising back to recent highs of 230p (+12%)?
- Shares -15% from 2019 highs; +11% from 2019 lows; +8.6% year-to-date.
- 27 Jun: Downgraded to Equalweight by Barclays; target 210p
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Senior – An Example
Let’s say you feel that the stock is a bargain and you think could bounce back towards highs of 230p. You decide to buy exposure to £10,000 worth of Senior using a CFD, at the current price of 205p. To do this, you need £2,000.
Let’s assume Senior recovers back to 230p highs (+12%). Your profit would be £1200, 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. Senior falls 4% and hits your stop-loss. Your loss would be £400.
This is provided for information purposes only. It should not be taken as a recommendation.