Will Imperial Brands turn, or will it maintain momentum to 2789p November highs?

• Shares +13.7% since late Jan.
• 29 Jan: Piper Jaffrey sees 10 year delay before menthol ban legislation
• GBP weakness due to Brexit uncertainty is helping FX-sensitive internationals
• Now trading 2649p (at the time of writing).
• Will the positive momentum continue towards 2789p November highs?
• Shares trading at 2019 highs; +13.4% from 2019 lows; +11.5% year-to-date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Imperial Brands – 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 Imperial Brands using a CFD, at the current price of 2649p. To do this, you need £2,000.

Let’s assume Imperial Brands trend continues to 2789p November highs (+5.2%). Your profit would be £520, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% below the current price. Imperial Brands 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.