Will Marks & Spencer continue falling, or will it rise again back to 290p recent highs?

• Shares -18% from recent highs; +3.3% from lows.
• Now trades 245p (at time of writing).
• Can the stock recover 18% to recent 290p highs?
• Shares -19.6% from 2019 highs; +3.6% from 2019 lows; -0.4% year-to-date.
• 23 May: S&P says M&S ratings unaffected by dip in profits
• 22 May: Guidance is evidence of positive change says Citi
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Marks & Spencer – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 290p. You decide to buy exposure to £10,000 worth of Marks & Spencer  using a CFD, at the current price of 245p. To do this, you need £2,000.

Let’s assume Marks & Spencer recovers back to last highs of 290p (+18%). Your profit would be £1800, 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. Marks & Spencer 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.