Will Standard Life Aberdeen turn, or will it continue to rise to 374p highs?

• Shares +18% from recent lows; breakout above 272p 
• Now 277p (at the time of writing).
• Will the positive momentum take them back to prior 374p highs?
• Shares -0.6% from 2019 highs; +20% from 2019 lows; +8% year-to-date
• Revival of risk appetite and rising equities is helping asset managers
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Standard Life Aberdeen – An Example

Let’s say the trend appeals to you, you think it’s likely to continue towards 374p. You decide to buy exposure to £10,000 worth of Standard Life Aberdeen using a CFD, at the current price of 277p. To do this, you need £2,000.

Let’s assume the Standard Life Aberdeen trend continues to 374p highs (+35%). Your profit would be £3500, 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. Standard Life Aberdeen 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.