Hargreaves Lansdown
Is this trend a good trading opportunity?
Will Hargreaves Lansdown turn, or will it continue to rise to 1998p December highs?
- Shares +15.3% since mid-February
- Now trading 1859p (at the time of writing)
- Will the positive momentum continue to 1998p?
- Shares -3.2% from 2019 highs; +14.6% from 2019 lows; +0.7% year-to-date.
- 29 Mar: This week’s market rally is helping the financial sector names.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
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 1859p. To do this, you need £2,000.
Let’s assume the Hargreaves Lansdown trend continues to 1998p (+7.4%). Your profit would be £740, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. Hargreaves Lansdown falls 4% and hits your stop-loss. Your loss would be £400.
This is provided for information purposes only. It should not be taken as a recommendation.