Will TalkTalk continue falling, or will it rise again back to 118p highs (+8.7%)?

• Shares -9.6% from recent highs; bottomed out?
• Now trades 108.5p (at time of writing).
• Can the stock recover to recent 118p highs?
• Shares -15.4% from 2019 highs; +18.7% from 2019 lows; -4.5% year-to-date.
• 23 May: FY 2019 Pretax Loss Narrowed as Fiber Push Gains Momentum
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading TalkTalk – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards highs of 118p. You decide to buy exposure to £10,000 worth of TalkTalk using a CFD, at the current price of 108.5p. To do this, you need £2,000.

Let’s assume TalkTalk recovers back to recent 118p highs (+8.7%). Your profit would be £870, 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. TalkTalk 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.