Will IAG turn, or will it continue rising towards highs of 565p?

• Shares +7.5% from lows; Now trading 475p (at the time of writing).
• Will the positive momentum continue towards April highs of 565p?
• Shares -28.9% from 2019 highs; +7.5% from 2019 lows; -23.1% year-to-date.
• 13 May: IAG upgraded at HSBC on confirmed guidance
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading British Airways/IAG – 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 IAG using a CFD, at the current price of 475p. To do this, you need £2,000.

Let’s assume the IAG trend continues to highs of 565p (+18.9%). Your profit would be £1890, 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. IAG 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.