Barclays
A range trading opportunity for you?
Will Barclays break support, or will it rise again back to 170p (+12.5%)?
- 145-170p range; Bounced off support and resistance 3 times
- Now 151p (at time of writing)
- Will the pattern repeat itself, rising back to 170p (+12.5%)?
- Shares -11.4% from 2019 highs; +3.8% from 2019 lows; 0.36% year-to-date
- Banks benefiting from risk appetite ahead of Trump-Xi G20 meeting
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading Barclays – An Example
Let’s say you like the range, you think it’s heading back towards 170p again. You decide to buy exposure to £10,000 worth of Barclays using a CFD, at the current price of 151p. To do this, you need £2,000.
Let’s assume Barclays recovers back to 170p (+12.5%). Your profit would be £1250, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. Barclays falls 4% and hits your stop-loss. Your loss would be £400.
This is provided for information purposes only. It should not be taken as a recommendation.