ITV reports results on Wednesday, 7 November

• The chart shows the price movement last time ITV reported: H1 Results, 25 July.
• Shares opened -3p (-1.8%), fell as low as -3.88p (-2.3%), but rose as high as +4.3p (+2.5%).
• The shares closed +1.6p (+0.9%) for a daily range of 8.2p or 4.8%.
• H1 profits rose thanks to World Cup; targeting £35-40m cost savings from 2019 to 2021
• Shares -14.9% from 2018 highs; +10.5% from 2018 lows; -6.4% year-to-date.
• Recent share price range: Oct lows 141.76p; Oct highs 165.8p. Currently 154.9p (at time of writing).
• ITV publishes Q3 Results on Wednesday, 7 Nov.
• Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires

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Trading ITV – An Example

Let’s say you think that ITV results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of ITV using CFDs, at the current price of 155p. To do this, you need £2,000.

For the purpose of this example, let’s assume ITV reports strong results and the shares rise 10%. Your profit would be £1,000, from your initial investment of £2,000.

Conversely, let’s assume you open the position, and place a stop-loss 5% below the current price. ITV results miss, it falls 5% and hits your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.