Will Metro continue falling, or will it recover to 781p May highs?

• Shares down 38.6% from May highs; Now 630p (at time of writing).
• It has already bounced 32% since this month’s lows
• Can the stock recover recent 781p highs?
• May 2: Metro Bank Shares Down after 1Q Results on Wednesday
• 17 May: Metro Bank Shares Up 17% at 630p after Upgraded Fund Raising
• Shares -71,3% from 2019 highs; +33.6% from 2019 lows; -62.4% 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 781p. You decide to buy exposure to £10,000 worth of Metro Bank using a CFD, at the current price of 630p. To do this, you need £2,000.

Let’s assume Metro Bank recovers back to 781p April highs (+23.9%). Your profit would be £2390, from your initial investment of £5,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 10% from the current price. Metro Bank falls 10% and hits your stop-loss. Your loss would be £1000.

This is provided for information purposes only. It should not be taken as a recommendation.