Will WPP turn, or will it continue to rise back to 1018 highs?

• Almost month long uptrend from 796p January lows; now trading at 934p.
• The shares have risen by 17.1%. Will this momentum continue towards 1018p?
• Shares at 2019 highs; +18.1% from 2019 lows; +10.3% year-to-date.
• 1 Apr: WPP raised to Buy From Hold at Deutsche Bank
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading WPP – 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 WPP using a CFD, at the current price of 934p. To do this, you need £2,000.

Let’s assume WPP trend continues to 1018p (+8.9%). Your profit would be £890, 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. WPP 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.