Greencore reports full-year results on Tuesday (4 Dec)

• The chart shows the price movement last time Greencore reported (Q3 Trading Update, 31 Jul).
• The shares opened +2p (+1.1%), went as high as +10.7p (+5.7%) and as low as -10.3% (-5.5%).
• The shares closed -9.7p (-5.2%), for a daily trading range of 21p or 11.2%.
• 31 Jul: The convenience-food maker reiterated it 2018 profit guidance and forecast continued revenue growth
• Shares -17.8% from 2018 highs, +60% from 2018 lows, -17.5% year-to-date.
• Currently trading at 190p (at time of writing).
• Greencore issues full-year results on Tuesday (4 Dec). Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Greencore – An Example

Let’s say you think that Greencore results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Greene King using CFDs, at the current price of 190p. To do this, you need £2,000.

For the purpose of this example, let’s assume Greencore 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 above position, and place a stop-loss 3% below the current price. Greencore 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.