Will INTU Properties continue falling, or will it rise again back to 110p yesterday’s highs?

• INTU Properties fallen close to 8% this week, -4.3% today.
• Goldman Sachs downgraded the shares to Sell, with a 92p target.
• Brokers said they were more cautious about the property sector.
• Now trades 102p (at time of writing).
• Shares -9% from 2019 highs; currently trades near 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 INTU Properties – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards Thursday’s high of 110p. You decide to buy exposure to £10,000 worth of INTU Properties using a CFD, at the current price of 102p. To do this, you need £2,000.

Let’s assume INTU Properties recovers back to 110p yesterday’s highs (+7.8%). Your profit would be £780, 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. INTU Properties 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.