Will British American Tobacco turn, or will it continue rising to 3216p March highs (+6%)?

• Shares +12% from recent lows with breakout 
• Now trading 3031p (at the time of writing).
• Will the positive momentum continue towards 3216p March highs (+6%)?
• Shares -5.6% from 2019 highs; +30.1% from 2019 lows; +21.6% year-to-date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading British American Tobacco – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of British American Tobacco using a CFD, at the current price of 3031p. To do this, you need £2,000.

Let’s assume the British American Tobacco trend continues to 3216p March highs (+6%). Your profit would be £600, 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 American Tobacco 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.