Will Sophos turn, or will it continue to rise towards Feb highs of 355p?

• Breakout above 330p; Now trading 334p (at time of writing).
• Could they recover to Feb highs of 354p
• Shares -15% from 2019 highs; +20% from 2019 lows; -11% year-to-date
• Oil prices hit 6 month highs due to tensions in Lybia 
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Sophos– An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 355p. You decide to buy exposure to £10,000 worth of Sophosusing a CFD, at the current price of 333p. To do this, you need £2,000.

Let’s assume the Sophos trend continues to highs of 355p (+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. Sophos breaks lower, falling 5% 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.