Will Hargreaves Lansdown turn, or will it continue to rise to 1998p?

• Shares +11.9% from 2019 lows; Breakout above falling highs at 1767p.
• Now trading 1815p (at the time of writing).
• Will the positive momentum continue towards 1998p?
• Shares -5.8% from 2019 highs; +11.7% from 2019 lows; -1.9% year-to-date.
• 29 Jan: Peel Hunt says Hargreaves Lansdown retains long-term attractions
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Hargreaves Lansdown – 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 Hargreaves Lansdown using a CFD, at the current price of 1815p. To do this, you need £2,000.

Let’s assume the Hargreaves Lansdown trend continues to Dec highs of 1998p (+10%). Your profit would be £1000, 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. Hargreaves Lansdown 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.