Will ITV continue falling, or will it rise again back to April’s 140p highs?

• ITV shares have fallen 15.6% from April’s highs
• Shares falling after Bank of America double downgraded the stock to Underperform from Buy.
• Currently trading 118p (at time of writing).
• Shares -16% from 2019 highs; +0.3% from 2018 lows; +4.7% year-to-date.
• 8 May: ITV Shares Fall as Economic, Political Uncertainty Bites — Market Talk
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading ITV – An Example

Let’s say you feel that the stock is a bargain and you think it could bounce back to recent highs of 140p. You decide to buy exposure to £10,000 worth of ITV using a CFD, at the current price of 118p. To do this, you need £2,000.

Let’s assume ITV recovers back to 140p (+18.6%). Your profit would be £1860, 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. ITV 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.