Will Crest Nicholson turn, or will it continue to rise to August highs around 399p?

• Shares +24.6% from December 2018 lows.
• 29 Jan: Liberum says Crest’s new strategy should support profit progress
• Potential for ‘softer’ Brexit helping UK’s Housebuilders.
• Now trading 378p (at the time of writing).
• Will the positive momentum continue towards 399p?
• Shares trading at 2019 highs; +13.8% from 2019 lows; +16.2% year-to-date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Crest Nicholson– 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 Crest Nicholson using a CFD, at the current price of 378p. To do this, you need £2,000.

Let’s assume the Crest Nicholson trend continues to August highs of 399p (+5.5%). Your profit would be £550, 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. Crest Nicholson 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.