Will GVC break support, or will it rise again to 743p?

• 642-744p range, narrowing since December; Now trading 663p (at time of writing)
• Will the pattern repeat itself, shares testing 743p highs?
• Shares -44.7% from 2018 highs; +5.1% from 2018 lows; -1.6% year-to-date
• 12 Feb: UK horse-racing to resume after equine flu outbreak contained
• 17 Jan: Berenberg says GVC confirms ability to beat expectations;
• 17 Jan: GVC Finished 2018 Strongly, Peel Hunt raises forecasts
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading GVC – An Example

Let’s say you like the range, you think it’s heading back towards 743p again. You decide to Buy exposure to £10,000 worth of GVC using a CFD, at the current price of 663p. To do this, you need £2,000.

Let’s assume GVC rises back to range ceiling at 743p (+12.0%). Your profit would be £1200, 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. GVC 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.