Will Galliford turn, or will it continue to rise towards 728p?

• Shares +18% from lows; Now trading 607p (at the time of writing).
• Will the positive momentum continue towards 728p?
• Shares -23% from 2019 highs; +21.6% from 2019 lows; -2.4% year-to-date.
• 28 May: Galliford admits had discussions about selling Linden Homes division
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Galliford – 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 Galliford using a CFD, at the current price of 607p. To do this, you need £2,000.

Let’s assume the Galliford trend continues to 728p (+19.9%). Your profit would be £1990, 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. Galliford 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.