Will Hammerson break lower, or will it rise to 299p again?

• Rising range since late May; Now 287p (at time of writing).
• Will the pattern repeat itself, testing previous 299p highs?
• Shares -27.5% from 2019 highs; +9.6% from 2019 lows; *12.8% year-to-date.
• 17 Jun: Hammerson faces challenges but shares oversold says Peel Hunt
• 17 Jun: Hammerson upgraded to Add from Hold by Peel Hunt
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Hammerson – An Example

Let’s say you like the Hammerson range, you think it’s heading back towards 299p again. You decide to buy exposure to £10,000 worth of Hammerson using a CFD, at the current price of 287p. To do this, you need £2,000.

Let’s assume Hammerson rises back to 299p (+4%). Your profit would be £400, 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. Hammerson falls 2% 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.