Will Experian break support, or will it rise again back to 2100p range ceiling?

• Rising range since late October with 5 bounces off rising support.
• Latest bounce at 1936p this week. Now 1978p (at time of writing)
• Will the pattern repeat itself, rising to 2100p range ceiling?
• Shares -4.2% from 2019 highs; +10% from 2019 lows; +4% year-to-date
• 27 Feb: Pulled out of the acquisition of ClearScore, facing potential CMA opposition.
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Experian – An Example

Let’s say you like the range, you think it’s heading back towards 2100p range ceiling. You decide to buy exposure to £10,000 worth of Experian using a CFD, at the current price of 1978p. To do this, you need £2,000.

Let’s assume Experian rallies to 2100p (+6.1%). Your profit would be £610, 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. Experian 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.