Will JD Sports turn, or will it continue to make new all time highs at 700p?

• Shares +27% from April lows; Now 635p (at the time of writing).
• Will the positive momentum take them to new all time highs of 700p?
• Shares -0.2% from 2019 highs; +88% from 2019 lows; +82% year-to-date.
• 16 Apr: JD Sports Fiscal 2019 Pretax Profit Rose 15% on Higher Revenue
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading JD Sports – 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 JD Sports using a CFD, at the current price of 635p. To do this, you need £2,000.

Let’s assume the JD Sports trend continues to previous 700p highs (+10%). Your profit would be £1100, 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. JD Sports 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.