Will Just Eat turn, or will it continue to rise towards 888p?

• Breakout above 747p, to fresh 2019 highs of 760p (at time of writing).
• Will the shares rally back to prior highs of 888p?
• Shares -0.4% from 2019 highs; +33.7% from 2019 lows; +29.8% year-to-date
• 26 Feb: Goldman Sachs says the market undervalues Just Eat
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Just Eat – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 888p. You decide to buy exposure to £10,000 worth of Just Eat using a CFD, at the current price of 760p. To do this, you need £2,000.

Let’s assume the Just Eat trend continues to highs of 888p (+16.8%). Your profit would be £1680, 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. Just Eat breaks lower, falling 5% and it hits your stop-loss. Your loss would be £500.

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