Next
Is this trend a good trading opportunity?
Will Next turn, or will it continue to rise to 6215p highs?
- Shares +17.7% from last March lows.
- Now trading 5822p (at the time of writing).
- Will the positive momentum take them back to prior 6215p highs?
- Shares -1% from 2019 highs; +46.5% from 2019 lows; +45.9% year-to-date
- 21 Mar: Peel Hunt says full year results as good as could have been accepted
- 21 Mar: Liberum says Next well-suited to withstand tough market, hard Brexit
- 21 Mar: Hargreaves Lansdown says Next unlikely to abandon high street
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Next – 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 Next using a CFD, at the current price of 5822p. To do this, you need £2,000.
Let’s assume the Next trend continues to 6215p highs (+6.7%). Your profit would be £670, 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. Next 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.