A range trading opportunity for you?

Will DS Smith break support, or will it rise again back to 516p?

• Range developed over last 2.5 months.
• Bounced off 484p zone 3 times since mid-June. Now trading at 491p (at time of writing)
• Shares trading up off lowest since July
• Will the pattern repeat itself, testing previous highs?
• Shares -10% from June’s highs; +14.5% from March’s 2018 lows; shares +2% year-to-date

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Trading DS Smith– An Example

Let’s say you like the range, you think it’s heading back towards 516p again. You decide to buy exposure to £10,000 worth of DS Smith using a CFD, at the current price of 491p. To do this, you need £2,000.

Let’s assume DS Smith recovers back to 516p. Your profit would be £509, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price, at 481p. DS Smith falls 3% and hits your stop-loss. Your loss would be £200.

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