Sage
Is this trend a good trading opportunity?
Will Sage turn, or will it continue to rise towards new all time highs at 823p highs?
- Shares +9.5% from March lows; Now 720p (at the time of writing).
- Will the positive momentum take them to previous highs of 823p?
- Shares -2.4% from 2019 highs; +25.8% from 2019 lows; +19.7% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Click to enlarge
Trading Sage – 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 Sage using a CFD, at the current price of 720p. To do this, you need £2,000.
Let’s assume the Sage trend continues to new all time highs at 823p (+14.3%). Your profit would be £1430, 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. Sage 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.