Will British Land turn, or will it continue to rise beyond 703p?

• The chart shows the last 6 week’s price action for British Land.
• The shares have broken above resistance level around 624p trade 639p (at time of writing).
• The ‘trend is your friend’. Will it continue?
• Shares -11.8% from 2018 highs; +11.9% from 2018 lows; +7.5% year-to-date.
• Latest half-year results included increased dividend and strong office letting numbers helping offset retail weakness.
• Recent share price range: Nov highs 644p; Oct low 554p.
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading British Land– An Example

Let’s say the breakout appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of British Land using a CFD, at the current price 639p (at time of writing). To do this, you need £2,000.

Let’s assume the British Land trend continues upwards to 703p (+10%). Your profit would be £1000, 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.