Paddy Power Betfair
A trading opportunity for you?
Will Paddy Power Betfair continue falling, or will it rise again back to recent high of 6904p?
- Paddy Power Betfair shares have fallen as low as -13% since last week’s highs.
- Shares bounced almost +3.5% mid-October support; Currently trading at 6175p (at time of writing).
- Shares lower after US Department of Justice changed its interstate gambling policy.
- Shares -10% from 2019 highs; +3.45% from 2019 lows; -3.5% year-to-date.
- Can the stock recover to recent highs?
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading Paddy Power Betfair – An Example
Let’s say you feel that the stock is a bargain and you think it could bounce back to recent highs of 6904p. You decide to buy exposure to £10,000 worth of Paddy Power Betfair using a CFD, at the current price of 6175p. To do this, you need £2,000.
Let’s assume Spire Healthcare recovers back to recent high of 6904p (+11.8%). Your profit would be £1180, from your initial investment of £2000.
Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Paddy Power Betfair 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.