Will Tate & Lyle break support, or will it rise to the 747p range ceiling?

• 681-747p rising range since October.
• Now trades 692p (at time of writing)
• Will the pattern repeat itself, rising back to 747p range ceiling?
• Shares -6.2% from 2019 highs; +5.7% from 2019 lows; +4.9 year to date
• 7 Feb: Focus on lifting returns, cash flow working says Liberum
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Tate & Lyle – An Example

Let’s say you like the range, you think it’s heading back towards 747p. You decide to buy exposure to £10,000 worth of Tate & Lyle using a CFD, at the current price of 692p. To do this, you need £2,000.

Let’s assume Tate & Lyle rises to 747p range ceiling (+7.9%). Your profit would be £790, 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. Tate & Lyle 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.