Will RELX turn, or will it continue to rise towards Feb highs of 1778p?

• Breakout above 1681p to trade 1697p  (at time of writing).
• The ‘trend is your friend’. Will it continue towards 1778p?
• Shares -4.7% from 2019 highs; +8.0% from 2019 lows; +5.0% year-to-date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading RELX– An Example

Let’s say the breakout appeals to you, you think it’s likely to continue to 1778p . You decide to buy exposure to £10,000 worth of RELX using a CFD, at the current price 1697p (at time of writing). To do this, you need £2,000.

Let’s assume the RELX trend continues upwards to 1778p (+4.7%). Your profit would be £470, 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. RELX breaks lower, 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.