Will Ocado turn, or will it continue to rise towards 1159p?

• Breakout above 1044p to trade 1061p (at time of writing).
• The ‘trend is your friend’. Will it continue towards July highs of 1159p
• Shares -1.4% from 2018 highs; +37.4% from 2018 lows; +34.4% year-to-date.
• 27 Feb: Ocado signs retail joint venture with Marks & Spencer
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Ocado – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue to . You decide to buy exposure to £10,000 worth of Ocado using a CFD, at the current price 1061p (at time of writing). To do this, you need £2,000.

Let’s assume the Ocado trend continues upwards to 1159p highs (+9.2%). Your profit would be £920, 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. Ocado 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.