Will Rolls Royce break support, or will it rise back to 940p?

• 880-940p rising channel since March
• Will the pattern repeat itself, rising back to recent highs of 940p?
• Shares -11.3% from 2019 highs; +12.9% from 2019 lows; +7.2% year-to-date.
• 2 May: Sees 2019 Underlying Op Profit and Cash Flow guidance in-line with views
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Rolls Royce – An Example

Let’s say you like the range, you think it’s heading back towards 940p again. You decide to buy exposure to £10,000 worth of Rolls Royce using a CFD, at the current price of 890p. To do this, you need £2,000.

Let’s assume Rolls Royce rises to 940p (+5.6%). Your profit would be £560, 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. Rolls Royce 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.