Next issues a Q4 Trading update on Thurs, 3 Jan

• The chart shows the price movement last time Next reported: Q3 Trading Update, 31 Oct.
• Shares opened -210p (-4%), went as low as -294p (-5.5%) and as high as -74p (-1.4%).
• The shares closed -102p (-1.9%) for a daily range of 220p or 4.1%.
• Shares currently at 4253p (at time of writing)
• Next’s last six set of results have seen shares close anywhere between -7% and +7% with ranges of 2.8%  to 9.1%.
• Shares -32.4% from 2018 highs; +6% from 2018 lows; -6% year-to-date.
• Next publishes a Q4 Trading update on Thurs, 3 Jan. Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Next – An Example

Let’s say you think that Next results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Next using CFDs, at the current price of 4253p. To do this, you need £2,000.

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