A trading opportunity for you?
Will Barclays break support, or will it rise back to April 170p highs?
- Twin support at 156p; shares down 8% from Apr highs
- Now trading 156p (at time of writing)
- Will the pattern repeat itself, rising back to recent 170p highs?
- Shares -8.1% from 2019 highs; +7.7% from 2019 lows; +4.0% year to date
- 6 May: Barrons article suggests Barclays among 3 bargain stock picks
- 2 May: Barclays defeats activist investor Bramson
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading Barclays – An Example
Let’s say you like the Barclays range, you think it’s heading back up to 170p again. You decide to buy exposure to £10,000 worth of Barclays using a CFD, at the current price of 156p. To do this, you need £2,000.
Let’s assume Barclays rises back to 170p (+8.9%). Your profit would be £890, 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. Barclays 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.