Barratt Developments
A range trading opportunity for you?
Will Barratt Developments break support, or will it rise again back to 625p?
- 578-625p range since March; Now 582p (at time of writing)
- Will the pattern repeat itself, rising back to 625p?
- Shares -7.3% from 2019 highs; +29% from 2019 lows; +25.6% year-to-date
- 9 May: Barratt Developments Upbeat Trends to Continue — Market Talk
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading Barratt Developments – An Example
Let’s say you like the range, you think it’s heading back towards 623p again. You decide to buy exposure to £10,000 worth of Barratt Developments using a CFD, at the current price of 590p. To do this, you need £2,000.
Let’s assume Barratt Developments recovers back to 625p (+7.3%). Your profit would be £730, 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. Barratt Developments 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.