Sophos
Is this breakout a good trade for you?
Will Sophos turn, or will it continue to rise towards Feb highs of 355p?
- Breakout above 392p; Now trading 419p (at time of writing).
- Could they recover to November highs of 497p
- Shares at 2019 highs; +53.6% from 2019 lows; +10.9% year-to-date
- 16 May: Sophos Is Patching Up Damaged Credibility: HL — Market Talk
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Click to enlarge
Trading Sophos– An Example
Let’s say the breakout appeals to you, you think it’s likely to continue towards 497p. You decide to buy exposure to £10,000 worth of Sophosusing a CFD, at the current price of 419p. To do this, you need £2,000.
Let’s assume the Sophos trend continues to highs of 419p (+18.6%). Your profit would be £1860, 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. Sophos 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.