Will Flutter (Paddy Power) turn, or will it continue to rise to highs of 6759p (+12%)?

• Breakout above 5929p to trade 6014p (at time of writing).
• The ‘trend is your friend’. Will it continue towards 6759p (+12%)?
• Shares -12.9% from 2018 highs; +11.6% from 2018 lows; -6% year-to-date.
• 20 Jun: GAN will provide additional services to Flutter’s US unit, FanDuel
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Flutter (Paddy Power) – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue to 6759p . You decide to buy exposure to £10,000 worth of Flutter using a CFD, at the current price 6014p (at time of writing). To do this, you need £2,000.

Let’s assume the Flutter trend continues upwards to 6759p highs (+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 4% from the current price. Flutter breaks lower, falling 4% and it hits your stop-loss. Your loss would be £400.

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