Will Standard Life Aberdeen turn, or will it continue to rise to 283p highs?

• Shares +4.4% in 3 days; breakout above 267p 
• Now 270p (at the time of writing).
• Will the positive momentum take them back to prior 283p highs?
• Shares -5% from 2019 highs; +17.1% from 2019 lows; +5.4% year-to-date
• Bond yields off their lows, helping financials today
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Standard Life Aberdeen – An Example

Let’s say the trend appeals to you, you think it’s likely to continue towards 283p. You decide to buy exposure to £10,000 worth of Standard Life Aberdeen using a CFD, at the current price of 270p. To do this, you need £2,000.

Let’s assume the Standard Life Aberdeen trend continues to 283p highs (+4.8%). Your profit would be £480, 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. Standard Life Aberdeen 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.