Will Inmarsat break higher, or will it fall to 344p lows again?

• The Inmarsat falling range has developed since August.
• Shares fallen back from resistance ceiling 5 times.
• Now trading 399p (at time of writing).
• Will the pattern repeat itself, testing previous lows?
• Shares -39.0% from 2018 highs; +17.9% from 2018 lows; +5.4% year-to-date
• 14 Nov: CEO sees less need for satellite consolidation; struggling to explain transformation to investors
• 8 Nov: Shares sink as competition hits maritime division in 3Q, offsetting aviation strength
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Inmarsat – An Example

Let’s say you like the Inmarsat range, you think it’s heading back towards 344p again. You decide to sell exposure to £10,000 worth of Inmarsat  using a CFD, at the current price of 399p. To do this, you need £2,000.

Let’s assume Inmarsat falls back to 344p (-13.8%). Your profit would be £1380, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Inmarsat rises 5% and hits your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.