Barclays: buyers regain control
Barclays climbs 1.7% as buyers take control with 79% of volume
Barclays: buyers regain control
Our view last week
Barclays' buy signal has been under management for 14 weeks, and the trade is up 17% since entry. After sellers took the upper hand for the first time a week ago, buyers regained control this week (55% versus 45%) and the stock bounced 2% off its daily 20-day moving average, in the 510 area. Money flow stays solid, but volume is thinning and the wall in the 530 area keeps turning back every push higher.
This week's summary
Buyers come back in force on Barclays: buy volume rises to 79%, up from 55% last week, and the price advances, still resting on the double bottom in the 485 area. Barclays stock stays boxed under the wall in the 530 area, which has already turned back two advances. The trade is now above 19% in profit since entry.
IQS Phase
71
in tension
Signal Strength
64
medium
Sizing
STANDARD
Ranking
#13 / 59
EU-UK stocks in progress
Trade P&L %
+19.14%
from signal to today
Rank position
ranks 13th among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 64 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.20% · monthly +2.61%
BARC belongs to the european sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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