Will Admiral turn, or will it continue to rise beyond 2013p?

• The chart shows Admiral price action since September.
• Shares in a 1-week uptrend from 1930p lows; now at 2010p.
• Admiral is a UK insurer.
• Shares -7.2% from 2018 highs; +10.6% from 2018 lows; +0.6% year-to-date
• In the last  week, the shares have risen more than 4%. Will this momentum continue?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Admiral – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Admiral using a CFD, at the current price of 2010p. To do this, you need £2,000.

Let’s assume Admiral trend continues to November highs of 2132p (+6%). Your profit would be £600, 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. Admiral falls 3% and hits your stop-loss. Your loss would be £300.

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