Will easyJet turn, or will it continue to rise to highs of 1100p (+17%)?

• Shares +10% from recent lows; Now trading 939p (at the time of writing)
• Will the positive momentum continue towards 1110p (+17%)?
• Bullish double bottom bounce?
• Shares -31.5% from 2019 highs; +11.6% from 2019 lows; -15.2% year-to-date.
• 28 Jun: S&P affirms ‘BBB+’ Rating; Outlook Stable
• 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 939p. To do this, you need £2,000.

Let’s assume the easyJet trend continues to highs of 1100p (+17%). Your profit would be £1700, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. easyJet falls 5% and hits your stop-loss. Your loss would be £500.

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