Will Galliford Try turn, or will it continue to rise to November high of 906p?

• The chart shows the Galliford Try price action since late October.
• Shares in a 3-week uptrend from 562p lows; now at 712p.
• Shares -1.2% from 2019 highs; +18.3% from 2019 lows; +14.4% year-to-date.
• 9 Jan: UK Index Housebuilders are rallying following positive results from peer Taylow Wimpey.
• In the past 3 weeks, the shares have risen over 28%. Will this momentum continue?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Galliford Try – 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 Try using a CFD, at the current price of 712p. To do this, you need £2,000.

Let’s assume Galliford Try trend continues to November high of 906p (+27.2%). Your profit would be £2720, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 8% from the current price. Galliford Try falls 8% and hits your stop-loss. Your loss would be £800.

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