Will Domino’s break support, or will it rise again to 276p?

• 220-276p narrowing range since November; Now trading 234p (at time of writing)
• Will the pattern repeat itself, shares testing 276p highs?
• Shares -18.2% from 2018 highs; +5.7% from 2019 lows; -0.5% year-to-date
• 18 Mar: Denies reports over franchisee dispute
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Domino’s – An Example

Let’s say you like the range, you think it’s heading back towards 276p again. You decide to Buy exposure to £10,000 worth of Domino’s using a CFD, at the current price of 234p. To do this, you need £2,000.

Let’s assume Domino’s rises back to range ceiling at 296p (+17.9%). Your profit would be £1790, 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. Domino’s 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.