Galliford
Is this trend a good trading opportunity?
Will Galliford turn, or will it continue to rise towards 728p?
- Shares +18% from lows; Now trading 613p (at the time of writing).
- Will the positive momentum continue towards 728p?
- Shares -22.2% from 2019 highs; +22.8% from 2019 lows; -1.5% year-to-date.
- 28 May: Galliford admits discussions about selling its 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 613p. To do this, you need £2,000.
Let’s assume the Galliford trend continues to 728p (+18.7%). Your profit would be £1870, 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.