SIG
A trading opportunity for you?
Will SIG continue falling, or will it recover to 132p (+7%)?
- Shares -14% today after revenue decline; Already bounced 8%
- Now trades 123p (at time of writing).
- Can the stock recover yesterday’s 132p highs (+7%)?
- Shares -19.7% from 2019 highs; +17% from 2019 lows; -12.6% year-to-date.
- 5 Jul; Self-Help Moves Working, But More Needed says Canaccord
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading SIG – An Example
Let’s say you feel that the stock is a bargain and you think could bounce back towards 132p highs. You decide to buy exposure to £10,000 worth of SIG using a CFD, at the current price of 123p. To do this, you need £2,000.
Let’s assume SIG recovers back to 132p recent highs (+7%). Your profit would be £700, 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. SIG falls 3% and hits your stop-loss. Your loss would be £300.
This is provided for information purposes only. It should not be taken as a recommendation.