Sports Direct is due to report first half results on Thursday, 13 Dec

• The chart above shows the price movements last time Sports Direct reported (FY Results, 19 July).
• The retailer reported lower profits after the negative impact of its Debenhams investment.
• The shares opened -21.1p (-4.8%), traded as high as -8.3p (-1.9%) and went as low as -50.6p (-11.6%).
• The shares closed -31.1p (-7.1%), for a daily trading range of 42.3p or 9.7%.
• Shares -38.4% from 2018 highs, +0.6% from 2018 lows, -28.5% year-to-date.
• Currently trading at 269p (at time of writing).
• Sports Direct reports Half-year Results on Thursday 13 Dec. Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Sports Direct – An Example

Let’s say you think that Sports Direct results are likely to be good, and the price is likely to rise. You decide to buy exposure to £10,000 worth of Sports Direct using a CFD, at the current price of 269p. To do this, you need £2,000.

For the purpose of this example, let’s assume Sports Direct reports strong results and the share price rises by 10%. Your profit would be £1,000, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Sports Direct 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.