Just Eat
A trading opportunity for you?
Will Just Eat continue falling, or will it recover to 644p (+5.5%)?
- Shares -5% from recent range ceiling
- Now trading 610p (at time of writing).
- Shares -23.9% from 2019 highs; +6.9% from 2019 lows; +3.9% year-to-date.
- Can the stock recover to recent highs of 644p (+5.5%)?
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading Just Eat – An Example
Let’s say you feel that the stock is a bargain and you think could bounce back towards 644p. You decide to buy exposure to £10,000 worth of Just Eat using a CFD, at the current price of 610p. To do this, you need £2,000.
Let’s assume Just Eat recovers back to 644p (+5.5%). Your profit would be £550, 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.