Will Beazley break support, or will it rise back to 586p?

• Sideways channel since mid-September,
• Bounced from support zone around 484p. Now 519p (at time of writing)
• Will the pattern repeat itself, rising back to 586p?
• Shares -9.5% from 2019 highs; +1.5% from 2019 lows; +3.6% year-to-date
• 7 Feb: Insurer’s 2018 profit fell sharply, but results were better than expectations.
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Beazley – An Example

Let’s say you like the Beazley range, you think it’s heading back up to 586p again. You decide to buy exposure to £10,000 worth of Beazley using a CFD, at the current price of 519p. To do this, you need £2,000.

Let’s assume Beazley rises back to 586p (+12.9%). Your profit would be £1290, 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. Beazley 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.