Will Just Eat turn, or will it continue to rise to August highs of 809p?

• Shares +36.3% since early December.
• Now trading at 710p (at the time of writing)
• 21 Jan: Delivery firm improved FY revenue target and narrowed profit guidance.
• Will the positive momentum continue?
• Shares -0.5% from 2019 highs; +25.2% from 2019 lows; +21.3% year-to-date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Just Eat – 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 Just Eat using a CFD, at the current price of 710p. To do this, you need £2,000.

Let’s assume the Just Eat trend continues to August highs of 809p (+13.9%). Your profit would be £1390, 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. Just Eat 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.