Will Legal & General turn, or will it maintain momentum towards 292p?

• Shares +6.7% from recent lows; Now trading 268p (at the time of writing).
• Will the positive momentum continue towards 292p April highs?
• Shares -8.1% from 2019 highs; +19% from 2019 lows; +16.3% year-to-date.
• 6 Jun: L&G rises after £4.6B UK bulk annuity deal with Rolls Royce
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Legal & General – 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 Legal & General using a CFD, at the current price of 268p. To do this, you need £2,000.

Let’s assume Legal & General trend continues to 292p (+8.9%). Your profit would be £890, 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. Rolls Royce 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.