Will RPC turn, or will it continue beyond September high of 859p?

• The chart shows the RPC price action since mid-October.
• Shares in a weeklong uptrend from 724p October lows; now at 813p.
• Shares -9.4% from 2018 highs; +24.1% from 2018 lows; -7.7% year-to-date.
• 5 Nov: Deadline for Apollo and Bain to make takeover offer extended to 3 Dec.
• In the past week, the shares have risen by 10%. Will this momentum continue?
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading RPC – 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 RPC using a CFD, at the current price of 813p. To do this, you need £2,000.

Let’s assume RPC trend continues to September high of 859p (+5.6%). Your profit would be £560, 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. RPC 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.