Will British Land turn, or will it continue to rise beyond 557p?

• The chart shows share price action for British Land since August.
• The shares are testing a resistance line at 553p; Now trading 557p (at time of writing).
• The ‘trend is your friend’. Will it continue? Will the shares rally back to Nov highs of 625p?
• Shares -21.1% from 2018 highs; +6.7% from 2018 lows; +4.7% year-to-date.
• 19 Nov: British Land says UK retailers keen on London space despite market gloom
• 16 Nov: Wall St Journal “Heard on the Street” column says UK Real Estate can take Brexit
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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 of 557p. To do this, you need £2,000.

Let’s assume the British Land trend continues toward 626p Nov highs (+12.4%). Your profit would be £1240, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. British Land breaks lower, falling 5% and hits your stop-loss. Your loss would be £500

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