Will Kingfisher break support, or will it rise back to 268p?

• Rising range since December, bounced off floor
• Now trades 242p (at time of writing)
• Will the pattern repeat itself, testing previous highs of 268p?
• Shares -9.6% from 2019 highs; +19.7% from 2019 lows; +16.9% year-to-date.
• 20 Mar: Targets growth in sales, gross margin, retail profit over med-term
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Kingfisher – An Example

Let’s say you like the range, you think it’s heading back towards 268p again. You decide to buy exposure to £10,000 worth of Kingfisher using a CFD, at the current price of 242p. To do this, you need £2,000.

Let’s assume Kingfisher rises to 268p (+10.7%). Your profit would be £1070, 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. Kingfisher 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.