Will Kingfisher turn, or will it continue to rise to previous 283p record highs?

• Multi-month long uptrend from 207p December lows; now trading at 263p.
• The shares have risen by 18.6% from previous low. Will this momentum continue towards 283p?
• Shares -0.42$ from 2019 highs; +29.8% from 2019 lows; +26.8% year-to-date.
• Interest in B&Q products increasing as summer approaches.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Kingfisher – 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 Kingfisher using a CFD, at the current price of 263p. To do this, you need £2,000.

Let’s assume Kingfisher trend continues to 283p highs (+7.6%). Your profit would be £760, 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. Kingfisher 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.