Barclays PLC (BARC.L) 02-03-20
Will Barclays PLC (BARC.L) shares break below the 140p support zone, or will it return to highs of 192p (+33%)?
- Currently trading around the 140p support at 144.4p (at time of writing).
- The support has proven robust to date. Will the pattern repeat?
- The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
- Will the share price bounce once again to recent highs of 192p? (+33%).
- Technical traders should be mindful of news and developments. Check our website and the press for updates.
- Shares -25% from 12-month highs; +6% from 12 month lows.
Latest News
17 Feb: UBS reiterates its buy rating on Barclays (BARC) and increased the target price to 205p (from 195p).
13 Feb: Barclays posted an increase in end of year profit on marginally higher revenues but cautioned that low interest rates and the unsteady macroeconomic environment would impact its business.
12 Feb: Credit Suisse today initiates coverage of Barclays (BARC) with a neutral rating and target price of 185p.
03 Feb: UBS reiterates its buy rating on Barclays (BARC) and increased the target price to 195p (from 190p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires