ITV
A range trading opportunity for you?
Will ITV break support, or will it rise back to 111.5p (+5.3%)?
- 105-111.5p range in June; Now trades 106p (at time of writing)
- Will the pattern repeat itself, testing the 111.5p ceiling (+5.3%)?
- Shares -25.1% from 2019 highs; +2.8% from 2019 lows; -15.1% year-to-date.
- 3 Jun: ITV is most likely European candidate for TV M&A says Goldman Sachs
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading ITV – An Example
Let’s say you like the range, you think it’s heading back towards 111.5p again. You decide to buy exposure to £10,000 worth of ITV using a CFD, at the current price of 106p. To do this, you need £2,000.
Let’s assume ITV rises to 111.5p (+5.3%). Your profit would be £530, 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. ITV 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.