Will InterContinental Hotels break support, or will it rise back to 4657p highs?

• InterContinental trades a 4492-4657p range since mid-Feb.
• Latest bounce off 4492p floor. Now 4511p (at time of writing)
• Will the pattern repeat itself, falling back to 4657p highs?
• Shares -4.7% from 2018 highs; +6.6% from 2018 lows; +1.1% year-to-date
• 19 Feb: Hargreaves says data show London’s immunity to Brexit
• 19 Feb: UBS says revenue growth accelerates in 4Q
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading InterContinental Hotels – An Example

Let’s say you like the InterContinental range, you think it’s heading back to 4657p again. You decide to buy exposure to £10,000 worth of InterContinental using a CFD, at the current price of 4511p. To do this, you need £2,000.

Let’s assume InterContinental rises to 4657p highs (+3.2%). Your profit would be £320, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. InterContinental Hotels rises 3% and hits your stop-loss. Your loss would be £300.

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