John Wood
Is this trend a good trading opportunity?
Will John Wood turn, or will it continue to rise to 607p?
- Shares +17.3% from Feb lows.
- Now trading 574p (at the time of writing).
- Will the positive momentum continue towards 607p?
- Shares -5.4% from 2019 highs; +16.6% from 2019 lows; +13.5% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
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Trading John Wood – 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 John Wood using a CFD, at the current price of 574p. To do this, you need £2,000.
Let’s assume the John Wood trend continues to 607p (+5.7%). Your profit would be £570, 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. John Wood 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.