Will British Land turn, or will it continue to rise towards 592p (+6.8%)?

• Breakout above 546p; Now trading 554p (at time of writing).
• Will the shares rally back to 592p highs (6.8%)?
• Shares -10.2% from 2019 highs; +6.5% from 2019 lows; +3.9% year-to-date
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading British Land – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 592p. You decide to buy exposure to £10,000 worth of British Land using a CFD, at the current price of 554p. To do this, you need £2,000.

Let’s assume the British Land trend continues to highs of 592p (+6.8%). Your profit would be £680, 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. British Land breaks lower, falling 3% and it hits your stop-loss. Your loss would be £300.

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