Land Securities
Is this breakout a good trade for you?
Will Land Securities turn, or will it continue to rise towards 999p?
- Breakout above 895p recent highs, to trade 907p (at time of writing).
- Will shares rally back to 999p highs?
- Shares -0.15% from 2019 highs; +15.7% from 2019 lows; +12.8% year-to-date
- 1 Mar: UK property names strong amid Brexit optimism
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Land Securities – An Example
Let’s say the breakout appeals to you, you think it’s likely to continue towards 999p. You decide to buy exposure to £10,000 worth of Land Securities using a CFD, at the current price of 907p. To do this, you need £2,000.
Let’s assume the Land Securities trend continues to highs of 999p (+10.1%). Your profit would be £1010, 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. Land Securities 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.