Will Imperial Brands break support, or will it rise again back to 2650p?

• 2490-2650p range with rising support since Dec
• Now 2522p (at time of writing)
• Will the pattern repeat itself, rising back to 2650p?
• Shares -7% from 2019 highs; +9% from 2019 lows; +6.2% year-to-date
• 3 Apr: FDA investigating reports of seizures after E-Cigarette use
• 28 Mar: Citigroup upgrades to Buy, target upped to £30
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Imperial Brands – An Example

Let’s say you like the range, you think it’s heading back towards 2650p again. You decide to buy exposure to £10,000 worth of Imperial Brands using a CFD, at the current price of 2522p. To do this, you need £2,000.

Let’s assume Imperial Brands recovers back to 2650p (+5%). Your profit would be £500, 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. Imperial Brands 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.