Barclays
A trading opportunity for you?
Will Barclays break 2 week support, or will it rise back to 159p (+2.76%)?
- Shares back at 2 week lows, bouncing twice off this level
- Will the pattern repeat itself, rising back to recent 159p (+2.76%)?
- Shares -8.46% from 2019 highs; +6.75% from 2019 lows; +3.7% year to date
- Banks hurting from low bond yields and threats of interest rate cuts
- 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 159p again. You decide to buy exposure to £10,000 worth of Barclays using a CFD, at the current price of 155p. To do this, you need £2,000.
Let’s assume Barclays rises back to 159p (+2.76%). Your profit would be £276, 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.