ITV
A range trading opportunity for you?
Will ITV break support, or will it rise back to 114p (+7.5%)?
- 106-114p range from end of June to present; Now trades 106.9p (at time of writing)
- Will the pattern repeat itself, testing the 114p ceiling (+7.5%)?
- Shares -37% from 2019 highs; +3.8% from 2019 lows; -15.1% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
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Trading ITV – An Example
Let’s say you like the range, you think it’s heading back towards 114p 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 106p (+7.5%). Your profit would be £750, 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.