Taylor Wimpey
Is this trend a good trading opportunity?
Will Taylor Wimpey turn, or will it continue to rise to 174p September highs ?
- Shares +26% since 129p December lows.
- Currently 163p (at time of writing).
- 16 Jan: Rival Bovis Homes rallies after strong results
- Shares -20.8% from 2018 highs; +27% from 2018 lows; +19.3% year-to-date.
- Will the strong positive momentum continue?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Taylor Wimpey – 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 Taylor Wimpey using a CFD, at the current price of 163p. To do this, you need £2,000.
Let’s assume Taylor Wimpey trend continues to 174p September highs (+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 3% from the current price. Taylor Wimpey 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.