Will Entertainment One turn, or will it continue to rise towards new all time highs at 550p highs?

• Shares +38% from December lows; Now 461p (at the time of writing).
• Will the positive momentum take them to new all time highs of 550p?
• Shares -4.8% from 2019 highs; +33.1% from 2019 lows; +29.5% year-to-date.
• 12 Apr: Entertainment One’s Audio Network Deal Sounds Good for Both: Edison
• 16 Apr: Entertainment One’s shift to production from distribution will pay off, as the company has aligned its focus with market demands, Numis says
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Entertainment One – 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 Entertainment One using a CFD, at the current price of 461p. To do this, you need £2,000.

Let’s assume the Entertainment One trend continues to new all time highs at 550p (+19.3%). Your profit would be £1930, 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. Entertainment One 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.