A range trading opportunity for you?

Will Marks & Spencer break support, or will it rise again back to 299p?

• The Marks & Spencer range has developed over the last month.
• Bounced off 279p support zone 6 times, most recently on Tuesday. Now trading 285.8p (at time of writing)
• Will the pattern repeat itself, testing recent 299p highs?
• Shares -13.1% from May’s 2018 highs; +9.0% from 2018 lows; -9.3% year-to-date.
• Company in turnaround mode to rejuvenate its offering and fight fierce competition
• 1 Oct: Marks & Spencer to roll-out in-store payment app
• H1 Results will be published on 7 November
• Source: Bloomberg, FT, Reuters, DJ Newswires

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Trading Marks & Spencer – An Example

Let’s say you like the Marks & Spencer range, you think it’s heading back towards 299p again. You decide to buy exposure to £10,000 worth of Marks & Spencer using a CFD, at the current price of 285.6p. To do this, you need £2,000.

Let’s assume Marks & Spencer rises back to 299p (+4.7%). Your profit would be £470, 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. 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.