BT
Is this trend a good trading opportunity?
Will BT turn, or will it continue to rise to April highs of 231p?
- Shares +9.7% from June lows; Now trading 209p (at the time of writing).
- Will the positive momentum continue towards April highs of 231p?
- Shares -13.6% from 2019 highs; +9.9% from 2019 lows; -12% year-to-date.
- 3 Jun: BT move away from TV sports rights could boost shares says Credit Suisse
- 3 Jun: Credit Suisse upgrades to Outperform, with a 280p target
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
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Trading BT Group – 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 BT Group using a CFD, at the current price of 209p. To do this, you need £2,000.
Let’s assume BT Group trend continues to 231p April highs (+10%). Your profit would be £1000, 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. BT Group 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.