Will Entertainment One turn, or will it continue to rise to highs of 484p?

• Shares +10% from last week’s lows; Now trading 445p (at the time of writing).
• Will the positive momentum continue towards highs of 484p?
• Shares -8.2% from 2019 highs; +28.5% from 2019 lows; +25% year-to-date.
• 23 May: Numis says earnings drama is a buying opportunity
• 21 May: Citi says revenue fall short, but not too worried
• 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 445p. To do this, you need £2,000.

Let’s assume the Entertainment One trend continues to highs of 484p (+8.7%). Your profit would be £870, 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. Entertainment One 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.