Will Lloyds Banking turn, or will it continue to rise to May ’18 highs around 67.45p?

• Shares +27% since Christmas.
• Broken above 62.1p September highs.
• Now trading 62.7p (at the time of writing).
• Will the positive momentum continue towards May ’18 highs around 67.45p?
• Shares trading at 2019 highs; +23.4% from 2019 lows; +20.8% year-to-date.
• 26 Feb: UK Banks rally on the The Times report on Brexit deadline extension.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Lloyds – 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 Lloyds using a CFD, at the current price of 62.7p. To do this, you need £2,000.

Let’s assume the Lloyds trend continues to May ’18 highs around 67.45p (+7.5%). Your profit would be £750, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at4% from the current price. Lloyds falls 4% and hits your stop-loss. Your loss would be £400.

This is provided for information purposes only. It should not be taken as a recommendation.