Greene King reports results on Thursday (29 Nov)

• The chart shows the price movement last time Greene King reported (Trading Statement, 7 Sept).
• The shares opened +14.8p (+3.1%, low of the day) and went as high as +64.6p (+13.6%).
• The shares closed +35.6p (+7.5), for a daily trading range of 49.8p or 10.5%.
• Results were positive, with pub sales growing thanks to UK hot weather and the FIFA World Cup.
• Shares -21.5% from 2018 highs, +12.78% from 2018 lows, -5.7% year-to-date.
• Currently trading at 523p (at time of writing).
• Greene King issues Half-year Results on Thursday (29 Nov). Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Greene King – An Example

Let’s say you think that Greene King 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 523p. To do this, you need £2,000.

For the purpose of this example, let’s assume Greene King 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. Greene King 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.