Will Reckitt Benckiser turn, or will it continue towards November highs of 6775p?

• Breakout above 6269p; Now trading 6416p (at time of writing).
• Could they recover to November highs of 6775p
• Shares -1.8% from 2019 highs; +15.4% from 2019 lows; +6.7% year-to-date
• 2 May: Reckitt Benckiser’s Must Raise Game to Hit Full-Year Targets: AJ Bell — Market Talk
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Reckitt Benckiser– An Example

Let’s say the breakout appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Reckitt Benckiser using a CFD, at the current price of 6416p. To do this, you need £2,000.

Let’s assume the Reckitt Benckiser trend continues upwards to 6775p (+5.5%). Your profit would be £550, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. Reckitt Benckiser breaks down, falling 2% and it hits your stop-loss. Your loss would be £200.

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