A range trading opportunity for you?

Will Marks & Spencer break support, or will it rise again back to 312p?

• The range has developed over the last 3.5 months.
• It has bounced off a 284p zone 5 times since late May. It is now at 286.25p (at time of writing)
• Will the pattern repeat itself, testing previous highs?
• Shares trading up off their lowest in 3.5 months
• Shares -13.4% from May’s 2018 highs; +8.6% from Marc/April 2018 lows
• Company in turnaround mode to rejuvenate its offering and fight fierce competition

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Trading Marks & Spencer – An Example

Let’s say you like the range, you think it’s heading back towards 312p again. You decide to buy exposure to £10,000 worth of Marks & Spencer using a CFD, at the current price of 286p. To do this, you need £2,000.

Let’s assume Marks & Spencer recovers back to 312p. Your profit would be £909, 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, at 277p. Marks & Spencer falls 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.