Will Restaurant Group turn, or will it continue to rise towards 148p?

• Shares +9% from lows; Now trading 134p (at the time of writing).
• Will the positive momentum continue towards 148p?
• Shares -18% from 2019 highs; +22.1% from 2019 lows; -5.8% year-to-date.
• 15 Apr: Restaurant Grp sheds restaurants and looks to Wagamama says Canaccord
• 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 134p. To do this, you need £2,000.

Let’s assume the Restaurant Group trend continues to 148p (+10%). Your profit would be £1000, 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. Restaurant Group 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.