easyJet
Is this trend a good trading opportunity?
Will easyJet turn, or will it continue to rise to mid-September highs of 1443?
- Shares +27% since mid-December.
- Now trading at 1288p (at the time of writing)
- Airlines rally on weaker oil prices.
- Will the positive momentum continue?
- Shares -0.8% from 2019 highs; +20% from 2019 lows; +16.6% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
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Trading easyJet – 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 easyJet using a CFD, at the current price of 1288p. To do this, you need £2,000.
Let’s assume the easyJet trend continues to mid-September highs of 1443p (+12%). Your profit would be £1200, 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. easyJet 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.