GVC Holdings
Is this breakout a good trade for you?
Will GVC Holdings turn, or will it continue to rise towards 783p (+16%)?
- Breakout above 636p; Shares +10% from lows recent
- Now trading 670p (at time of writing).
- Could they recover prior highs of 783p (+16%)?
- Shares -11.6% from 2019 highs; +33.2% from 2019 lows; -0.4% year-to-date
- 16 May: GVC is attractive bet as 2020 outlook brightens says Citi
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading GVC – An Example
Let’s say the breakout appeals to you, you think it’s likely to continue towards 783p. You decide to buy exposure to £10,000 worth of GVC using a CFD, at the current price of 670p. To do this, you need £2,000.
Let’s assume the GVC trend continues to highs of 783p (+16%). Your profit would be £1600, 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. GVC 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.