Will Stagecoach turn, or will it continue to rise towards 184p?

• Breakout above 163p; Now trading 168p (at time of writing).
• Could they recover to prior highs of 184p?
• Shares -0.5% from 2019 highs; +30% from 2019 lows; +26.6% year-to-date
• 12 Feb: Stagecoach gets new short-term East Midlands train franchise
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Stagecoach – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue towards 184p. You decide to buy exposure to £10,000 worth of Stagecoach using a CFD, at the current price of 168p. To do this, you need £2,000.

Let’s assume the Stagecoach trend continues to highs of 184p (+9.5%). Your profit would be £950, 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. Stagecoach 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.