SSE reports results on Weds, 14 November

• The chart shows the price movement last time SSE reported: Trading Statement, 12 Sept.
• Shares opened -10.5p (-8%), and fell as low as -123p (-9.8%, low of the day) before recoving slightly to -80p (-6.4%)
• The shares closed -103.5p (-8.3%) for a daily range of 43p or 3.4%.
• Shares have fallen after SSE issued a profits warning due to an impact of high gas prices and warm weather.
• Shares -20.5% from 2018 highs; +7% from 2018 lows; -13.2% year-to-date.
• Recent share price range: Sept highs 1286p; Oct low 1077p. Currently 1144p (at time of writing).
• SSE publishes Half-Year Results on Weds, 14 Nov.
• Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires

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Trading SSE – An Example

Let’s say you think that SSE results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of SSE using CFDs, at the current price of 1144p. To do this, you need £2,000.

For the purpose of this example, let’s assume SSE 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 3% below the current price. SSE results miss, it falls 3% and hits your stop-loss. Your loss would be £300.

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