Will Greene King turn, or will it continue to rise towards 766p May highs?

• Breakout above 679p; Now trading 692p (at time of writing).
• Could they recover to prior highs of 766p?
• Shares -0.6% from 2019 highs; +34.8% from 2019 lows; +31.1% year-to-date
• 15 Jan: Citigroup says new CEO well placed to nurture upturn
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Greene King – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 766p. You decide to buy exposure to £10,000 worth of Greene King using a CFD, at the current price of 692p. To do this, you need £2,000.

Let’s assume the Greene King trend continues to highs of 766p (+10.6%). Your profit would be £1060, 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. Greene King 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.