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

• Shares +31% from April lows; Now 144p, (at the time of writing).
• Will the positive momentum take them to 163p Jan highs?
• Shares -12.0% from 2019 highs; +30.9% from 2019 lows; -1.1% year-to-date
• 15 Apr: Focusing on Wagamama acquisition, reducing problematic Leisure division.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

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 144p. To do this, you need £2,000.

Let’s assume the Restaurant Group trend continues to 163p Jan highs (+13.1%). Your profit would be £1310, 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.