easyJet
Is this breakout a good trade for you?
Will easyJet turn, or will it continue to rise towards 1229p (+26%)?
- Breakout above 936p; Shares +14% from lows
- Now trading 973p (at time of writing).
- Could they recover to April highs of 1228p (+26%)?
- Shares -28.9% from 2019 highs; +15.7% from 2019 lows; -12% year-to-date
- 28 Jun: S&P affirms easyJet rating at ‘BBB+’ Rating; Outlook Stable
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading easyJet – An Example
Let’s say the breakout appeals to you, you think it’s likely to continue towards 1228p. You decide to buy exposure to £10,000 worth of easyJet using a CFD, at the current price of 973p. To do this, you need £2,000.
Let’s assume the easyJet trend continues to highs of 1228p (+26%). Your profit would be £2600, 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. easyJet 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.