Will Sage turn, or will it continue to rise towards previous all time highs at 823p highs?

• Shares +9.7% from last week’s lows; Now 771p (at the time of writing).
• Will the positive momentum take them to previous highs of 823p?
• 17 May: Sage Group’s 1H Shows Cloud Shift Is on Track: Jefferies — Market Talk
• Shares -0.1% from 2019 highs; +34.8% from 2019 lows; +28.3% 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 771p. To do this, you need £2,000.

Let’s assume the Sage trend continues to new all time highs at 823p (+6.7%). Your profit would be £670, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. Sage falls 2% and hits your stop-loss. Your loss would be £200.

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