Will Barclays break support, or will it rise again back to 169p?

• 152-169p range since January; Now 158p (at time of writing)
• Will the pattern repeat itself, rising back to 169p?
• Shares -6.4% from 2019 highs; +9.0% from 2019 lows; +5.3% year-to-date
• Banks bouncing on better global macro data.
• 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 169p again. You decide to buy exposure to £10,000 worth of Barclays using a CFD, at the current price of 158p. To do this, you need £2,000.

Let’s assume Barclays recovers back to 169p (+6.9%). Your profit would be £690, 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.