Will Barclays break resistance, or will it fall again back to 153p?

• 153-169p range since January; Now 168p (at time of writing)
• Will the pattern repeat itself, falling back to 153p?
• Shares -0.3% from 2019 highs; +16.1% from 2019 lows; +12.2% year-to-date
• US Banks quarterly results not so great thus far
• 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 153p again. You decide to sell exposure to £10,000 worth of Barclays using a CFD, at the current price of 168p. To do this, you need £2,000.

Let’s assume Barclays falls back to 153p (+9.4%). Your profit would be £940, 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 rises 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.