Will GVC break support, or will it rise again to 694p?

• 599-694p  rising range, since mid March; Now trading 599p (at time of writing)
• Will the pattern repeat itself, shares testing 694p highs?
• Shares -21% from 2019 highs; +18.8% from 2019 lows; -46% year-to-date
• 17 Jul: Q2 figures slightly ahead of consensus
• 17 Jul:  Jefferies lift to Buy target price 1100p
• 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 694p again. You decide to Buy exposure to £10,000 worth of GVC using a CFD, at the current price of 599p. To do this, you need £2,000.

Let’s assume GVC rises back to range ceiling at 694p (+13.6%). Your profit would be £1360, 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.