Will Domino’s  turn, or will it continue to rise to 285p highs?

• Shares +20% from March lows.
• Now trading at 265p, (at the time of writing).
• Will the positive momentum take them to 285p new highs?
• Shares -7.2% from 2019 highs; +19.8% from 2019 lows; +13.7% year-to-date
• 20 Mar: Upgraded shares to Overweight due to long-term positive outlook and growing market share.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Domino’s – 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 Domino’s using a CFD, at the current price of 265p. To do this, you need £2,000.

Let’s assume the Domino’s trend continues to 285p highs (+7.5%). Your profit would be £750, 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. Domino’s 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.