Will Greene King turn, or will it continue to rise to April ’17 highs around 768p?

• Shares +32.5% since Christmas
• Shares broken above 652p 2018 highs.
• Now trading 672p (at the time of writing).
• Will the positive momentum continue towards April ’17 highs around 768p?
• Shares trade at 2019 highs; +28.3% from 2019 lows; +27.3% year-to-date.
• 15 Jan: Citigroup says the pub operator is outperforming rivals.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Greene King – 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 Greene King using a CFD, at the current price of 672p. To do this, you need £2,000.

Let’s assume the Greene King trend continues to April ’17 highs around 768p (+14.3%). Your profit would be £1430, 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. Greene King 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.