Will Greggs turn, or will it continue to rise towards 1700p new record highs?

• Greggs shares +25% since Christmas.
• Shares trading close to all-time highs; +23% from 2019 lows; +23% year-to-date.
• Now trading at 1562p (at the time of writing)
• 9 Jan: Canaccord Genuity says Greggs will likely resume special dividend payments in the next few years after strong 2018.
• Will the strong positive momentum continue?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Greggs – 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 Greggs using a CFD, at the current price of 1562p. To do this, you need £2,000.

Let’s assume the Greggs trend continues to 1700p new record highs (+8.8%). Your profit would be £880, 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. Greggs 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.