Will St James’s Place break resistance, or will it fall back to 960p?

• Sideways narrowing range since November.
• Turned down, breakdown below rising support trendline
• Fallen back from 1072p highs 3 times. Now 1038p (at time of writing)
• Will the pattern repeat itself, shares falling towards rising support at 960p?
• Shares -3.7% from 2019 highs; +12.8% from 2019 lows; +10% year-to-date
• 27 Feb: Said flows moderated in 2018; CEO said new JV may struggle to find advisors
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading St James’s Place – An Example

Let’s say you like the St James’s Place range, you think it’s heading back down to 960p again. You decide to sell exposure to £10,000 worth of St James’s Place using a CFD, at the current price of 1038p. To do this, you need £2,000.

Let’s assume St James’s Place falls back to 960p (-7.5%). Your profit would be £750, 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. St James’s Place rises 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.