Will Prudential turn, or will it continue to rise to 1819p highs?

• Shares +10% from recent lows; Now 1668p (at the time of writing).
• Will the positive momentum take them back to prior 1819p highs?
• Shares -0.5% from 2019 highs; +23.1% from 2019 lows; +21.2% year-to-date.
• Financial stocks seeing a revival of interest. Breakout after pause.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Prudential – 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 Prudential using a CFD, at the current price of 1668p. To do this, you need £2,000.

Let’s assume the Prudential trend continues to 1819p highs (+9.0%). Your profit would be £900, 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. Prudential 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.