Will CYBG break support or will it rise back to 209p?

• 173-209p range since Dec; Bounced 3 times; Now 181p (at time of writing)
• Will the pattern repeat itself, the shares rising back to 209p ?
• Shares -17.7% from 2019 highs; +5.3% from 2019 lows; 0.01% year-to-date
• 3 Jun: Fitch upgrades Clydesdale Bank and Virgin Money to ‘A-‘
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading CYBG – An Example

Let’s say you like the range, you think it’s heading back towards 209p again. You decide to buy exposure to £10,000 worth of CYBG using a CFD, at the current price of 181p. To do this, you need £2,000.

Let’s assume CYBG recovers to 209p (+15%). Your profit would be £1500, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. CYBG falls 4% and hits your stop-loss. Your loss would be £400.

This is provided for information purposes only. It should not be taken as a recommendation.