Morrisons issues a Q1 Trading Statement on Fri, 10 Jan

• Last time Morrisons reported: FY Results, 13 Mar.
• The shares rose as much as 2.1% on the day for a daily range of 7.5p or 3.4%.
• Shares -13.1% from 2019 highs; +2.4% from 2019 lows; 0.4% year-to-date.
• Currently 214p (at time of writing).
• Will we see another big share price move on Friday?
• 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 214p. 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.