Is this an opportunity to take a position ahead of the results?

Barclays reports results on Wednesday (24 Oct)

• The chart shows the price movement last time Barclays reported: H1 Results, 2 Aug.
• Shares opened 5.8p higher (+3%; high of day) but fell as low as -6.5p (-3.4%).
• The shares closed -5.2p (-2.7%) for a daily range of 12.3p or 6.4%.
• Barclays reported its most profitable quarter in more than 3 years and reiterated its FY targets.
• Shares fell over worries that results were helped by one-off gains.
• Shares -25.75% from 2018 highs; +1.35% from 2018 lows; -18.9% year-to-date.
• Recent share price range: Oct lows 161.2p; Oct highs 176.5p. Currently 164.9p (at time of writing).
• Barclays publishes Q3 Results tomorrow (Weds 24 Oct).
• Will we see another big move?

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Trading Barclays – An Example

Let’s say you think that Barclays results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Barclays using CFDs, at the current price of 164.9p. To do this, you need £2,000.

For the purpose of this example, let’s assume Barclays reports strong results and the shares rise 5%. Your profit would be £500, from your initial investment of £2,000.

Conversely, let’s assume you open the position, and place a stop-loss 3% below the current price. Barclays results miss, it 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.