Will InterContinental Hotels turn, or will it continue to rise towards 5074p?

• Breakout above 4564p to trade 4651p  (at time of writing).
• The ‘trend is your friend’. Will it continue towards 5074p?
• Shares -14.3% from 2018 highs; +12.4% from 2018 lows; +4.3% year-to-date.
• 13 Feb: IHG Acquires Six Senses Hotels Resorts Spas
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading InterContinental Hotels – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue to 5074p . You decide to buy exposure to £10,000 worth of InterContinental using a CFD, at the current price 4651p (at time of writing). To do this, you need £2,000.

Let’s assume the InterContinental trend continues upwards to 5074p (+9.1%). Your profit would be £910, 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.  InterContinental 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.