Will Barclays break support, or will it rise again back to 166p?

• 154-166p range since mid-January; Now 160p (at time of writing)
• Will the pattern repeat itself, rising back to 166p?
• Shares -5.6% from 2019 highs; +9.5% from 2019 lows; +6.9% year-to-date
• Strong FY results from all 3 domestic UK banks helping the financial sector.
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Barclays – An Example

Let’s say you like the range, you think it’s heading back towards 166p again. You decide to buy exposure to £10,000 worth of Barclays using a CFD, at the current price of 160p. To do this, you need £2,000.

Let’s assume Barclays recovers back to 166p (+3.75%). Your profit would be £375, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. Barclays falls 2% and hits your stop-loss. Your loss would be £200.

This is provided for information purposes only. It should not be taken as a recommendation.