Vodafone
Is this an opportunity to take a position ahead of the results?
Vodafone publishes FY Results on Tue, 15 May.
- Last time Vodafone reported: Q3 Trading, 25 Jan.
- The shares moved in a daily range of 10.4p or 7.2%.
- Shares -12.6% from 2018 highs; +5.9% from 2018 lows; -9.2% year-to-date.
- Currently 138p (at time of writing).
- Will we see another big share price move on Tuesday?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Vodafone – An Example
Let’s say you think that Vodafone results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Vodafone using CFDs, at the current price of 138p. To do this, you need £2,000.
For the purpose of this example, let’s assume Vodafone reports strong results and the shares rise 10%. Your profit would be £1000, 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. Vodafone 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.