Will Superdry break support, or will it rise again to April highs of 470p (+12%)?

• 405-470p  since December; 
• Now trading 413p (at time of writing)
• Will the pattern repeat itself, shares testing 470p recent12 highs (+12%)?
• Shares -40% from 2019 highs; +3.25% from 2019 lows; -70.5% year to date
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Superdry – An Example

Let’s say you like the range, you think it’s heading back towards 470p again. You decide to Buy exposure to £10,000 worth of Superdry using a CFD, at the current price of 413p. To do this, you need £2,000.

Let’s assume Superdry rises back to range ceiling at 760p (+12%). Your profit would be £1200, 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. Superdry 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.