Will St James’s Place turn, or will it continue to rise towards 1072p?

• Breakout above 997p, to fresh 2019 highs of 1007p (at time of writing).
• Will the shares rally back to prior highs of 1072p?
• Shares at 2019 highs; +9.6% from 2019 lows; +6.9% year-to-date
• 27 Feb: Citi says St. James’s Place offsets flow concerns with cash beat
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading St James’s Place– An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 1072p. You decide to buy exposure to £10,000 worth of St James’s Place using a CFD, at the current price of 1007p. To do this, you need £2,000.

Let’s assume the St James’s Place trend continues to highs of 1072p (+6.4%). Your profit would be £640, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. St James’s Place breaks lower, falling 3% and it hits your stop-loss. Your loss would be £300.

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