Will Tritax Big Box break lower, or will it rise back again to 151p?

• Tritax Big Box has developed a range since April 2017 .
• Bounced off support zone 7 times, most recently this week.
• Now trading 140.85p (at time of writing).
• Will the pattern repeat itself, testing previous highs?
• Shares -11.1% from 2018 highs; +0.9% from 2018 lows; -5.4% year-to-date.
• 12 Oct: Exchanged contracts, conditional on receiving full planning consent, to provide forward funding for development of new National Distribution Centre at Midlands Logistics Park, Corby
• Tritax Big Box invests in large-scale logistics real estate and operates “big box” stores.
• Source: Bloomberg, FT, Reuters, DJ Newswires

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Trading Tritax Big Box – An Example

Let’s say you like the Tritax Big Box range, you think it’s heading back towards 151p again. You decide to buy exposure to £10,000 worth of Tritax Big Box using a CFD, at the current price of 140.85p. To do this, you need £2,000.

Let’s assume Tritax Big Box rises back to 151p (+7.2%). Your profit would be £720, 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. Tritax Big Box 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.