Will National Grid turn, or will it continue rising to 981p September 2017 highs?

• Shares +18.3% since Christmas.
• Shares broken above long-term falling highs resistance around 856p.
• Now trading 874p (at the time of writing).
• Will the positive momentum continue towards 981p September 2017 highs?
• Shares -0.85% from 2019 highs; +17.2% from 2019 lows; +14.37% year-to-date.
• 7 Mar: Utility expanded into the US with a $100m acquisition of Geronimo Energy.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading National Grid – 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 National Grid using a CFD, at the current price of 874p. To do this, you need £2,000.

Let’s assume the National Grid trend continues to 981p September 2017 highs (+12.2%). Your profit would be £1220, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. National Grid 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.