Will Metro continue falling, or will it recover to 893p April highs?

• Shares down 32.2% from April highs; Now 669p (at time of writing).
• Can the stock recover recent 893p highs?
• May 2: Metro Bank Shares Down after 1Q Results on Wednesday
• Shares -69,5% from 2019 highs; +9.5% from 2019 lows; -60.2% year-to-date.
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Metro Bank– An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 893p. You decide to buy exposure to £10,000 worth of Metro Bank using a CFD, at the current price of 669p. To do this, you need £2,000.

Let’s assume Metro Bank recovers back to 893p April highs (+33%). Your profit would be £3300, from your initial investment of £5,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Metro Bank 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.