Will Restaurant Group turn, or will it continue to rise to 163p highs?

• Shares +27.3% from April lows.
• Now trading at 139p, (at the time of writing).
• Will the positive momentum take them to 163p new highs?
• Shares -14.4% from 2019 highs; +27.3% from 2019 lows; -1.6% year-to-date
• 15 Apr: Selling more of its restaurants, focusing on its acquisition of Wagamama and reducing its problematic leisure division.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Restaurant Group – 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 Restaurant Group using a CFD, at the current price of 139p. To do this, you need £2,000.

Let’s assume the Restaurant Group trend continues to 163p highs (+17.2%). Your profit would be £1720, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Restaurant Group falls 5% and hits your stop-loss. Your loss would be £500.

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