Morrisons issues a Christmas Trading Statement on Tues, 8 Jan

• The chart shows the price movement last time Morrisons reported: Q3 Trading Statement, 6 Nov.
• Shares opened -9.6p (-3.8%), went as low as -16.6p (-6.5%) and as high as -8.4p (-3.3%).
• The shares closed -10.1p (-3.9%) for a daily range of 8.2p or 3.2%.
• Shares currently at 214.6p (at time of writing)
• Shares -1.9% from 2019 highs; +1% from 2019 lows; +0.5% year-to-date.
• Morrison publishes a Christmas Trading Statement on Tues, 8 Jan.
• Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Morrisons – An Example

Let’s say you think that Morrisons results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Morrisons using CFDs, at the current price of 214.6p. To do this, you need £2,000.

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