Will Just Eat continue falling, or will it rise again back to recent 671p Friday’s highs?

• Just Eat shares have fallen over 7% from Friday’s highs, -2.3% today.
• Shares already bounced +3.5% from lows to trade 643p (at time of writing).
• Shares -3.2% from 2018 highs; +8.8% from 2018 lows; +7.9% year-to-date.
• Just Eat stepped down and the delivery firm narrowed EBITDA guidance.
• Can the shares regain recent highs?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Just Eat – An Example

Let’s say you feel that the stock is a bargain and you think it could bounce back to recent highs of 671p. You decide to buy exposure to £10,000 worth of Just Eat using a CFD, at the current price of 643p. To do this, you need £2,000.

Let’s assume Just Eat recovers back to 671p (+4.3%). Your profit would be £430, 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. Just Eat 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.