Will Crest Nicholson continue falling, or will it recover to 410p recent highs?

• Crest Nicholson shares -14% this week; -8.9% yesterday after 5.5% dividend.
• Shares already bounced +3% from their worst levels.
• Now trades 360p (at time of writing).
• Shares -12.4% from 2019 highs; +11.6% from 2019 lows; +9.7% year-to-date.
• Can the stock recover to recent highs?
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Crest Nicholson – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 410p recent highs. You decide to buy exposure to £10,000 worth of Crest Nicholson using a CFD, at the current price of 360p. To do this, you need £2,000.

Let’s assume Crest Nicholson recovers back to 360p recent highs (+13.8%). Your profit would be £1380, 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. Crest Nicholson 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.