Will Barclays break lower, or will it rise to 160.7p again?

• The Barclays trading range has developed since early December.
• Shares bounced from support zone 5 times, most recently today.
• Now trading 154p (at time of writing).
• Will the pattern repeat itself, testing previous highs?
• Shares -30.6% from 2018 highs; +1.1% from 2018 lows; -24.1% year-to-date
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Barclays – An Example

Let’s say you like the Barclays range, you think it’s heading back towards 160.7p again. You decide to buy exposure to £10,000 worth of Barclays using a CFD, at the current price of 154p. To do this, you need £2,000.

Let’s assume Barclays rises back to 160.7p (+4.4%). Your profit would be £440, 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.