Will Greene King continue falling, or will it recover to 700p April highs?

• Shares down 8.3% from April highs; Now 654p (at time of writing).
• Shares -6% today after trading statement disapointed
• Can the stock recover recent 700p highs?
• Shares -7.2% from 2019 highs; +27.4% from 2019 lows; +23.9% year-to-date.
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Greene King – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 700p. You decide to buy exposure to £10,000 worth of Greene King using a CFD, at the current price of 654p. To do this, you need £2,000.

Let’s assume Greene King recovers back to 700p April highs (+7%). Your profit would be £700, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Greene King 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.