ASOS reports Full Year Results on Weds, 10 April

• Last time ASOS reported: Trading Update, 19 March.
• The shares fell as much as 13% with a daily range of 385p or 12%
• Shares -7.2% from 2019 highs; +44.8% from 2019 lows; +39.4% year-to-date.
• Currently 3170p (at time of writing).
• Could we see another big share price move on Wednesday?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading ASOS – An Example

Let’s say you think that ASOS results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of ASOS using CFDs, at the current price of 3170p. To do this, you need £2,000.

For the purpose of this example, let’s assume ASOS reports strong results and the shares rise 10%. Your profit would be £1000, from your initial investment of £2,000.

Conversely, let’s assume you open the position, and place a stop-loss 3% below the current price. ASOS results miss, it 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.