Domino’s UK & IRL
A trading opportunity for you?
Will Domino’s continue falling, or will it recover to 283p highs (+6%)
- Shares fell as much as 7.5% today; bounced +2%.
- Now trades 266p (at time of writing).
- Shares -6.6% from 2019 highs; +20.7% from 2019 lows; +14.5% year-to-date.
- Can the stock recover yesterday’s 283p highs (+6%)?
- 12 Jun: Peel Hunt says Domino’s still looks tasty in the long-term; upgrades to Buy
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading Domino’s – An Example
Let’s say you feel that the stock is a bargain and you think could bounce back towards 283p. You decide to buy exposure to £10,000 worth of Domino’s using a CFD, at the current price of 266p. To do this, you need £2,000.
Let’s assume Domino’s recovers back to 283p highs (+6%). Your profit would be £600, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. Domino’s falls 2% and hits your stop-loss. Your loss would be £200.
This is provided for information purposes only. It should not be taken as a recommendation.