Will PageGroup turn, or will it continue to rise towards 510p?

• Breakout above 467p Feb highs; Now trading 472p (at time of writing).
• Could they recover to prior highs of 510p?
• Shares -0.4% from 2019 highs; +11.6% from 2019 lows; +5% year-to-date
• 7 Mar: Numis upgrades to Buy, with a 650p target.
• 6 Mar: Earnings ahead of expectations says Jefferies
• 6 Mar: 2018 pre-tax profits +20%, final dividend +4.6%
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading PageGroup – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 510p. You decide to buy exposure to £10,000 worth of PageGroup using a CFD, at the current price of 472p. To do this, you need £2,000.

Let’s assume the PageGroup trend continues to highs of 510p (+8%). Your profit would be £800, 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. PageGroup 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.