Will SSP break support or will it rise back to 747p highs?

• Range since December; Rising support since Feb 2018
• Bounced 3 times; Now 669p (at time of writing)
• Will the pattern repeat itself, the shares rising to 747p highs?
• Shares -12.9% from 2019 highs; +1.6% from 2019 lows; -1.5% year-to-date
• 15 May: H1 pretax profit rose; Revenues +6.8% at constant FX
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading SSP – An Example

Let’s say you like the range, you think it’s heading back towards 747p again. You decide to buy exposure to £10,000 worth of SSP using a CFD, at the current price of 669p. To do this, you need £2,000.

Let’s assume SSP recovers to 747p (+11.6%). Your profit would be £1160, 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. SSP 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.