Will Barclays break support, or will it rise again back to 170p?

• 156-170p range several times since Jan; Now 158p (at time of writing)
• Will the pattern repeat itself, rising back to 170p?
• Shares -6.8% from 2019 highs; +9.2% from 2019 lows; +5.5% year-to-date
• 6 May: Barrons article suggests Barclays among 3 bargain stock picks
• 2 May: Barclays defeats activist investor Bramson
• 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 170p 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 170p (+7.5%). Your profit would be £750, 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.