Barclays Share Discussion Threads

[sue999] 16/2/2017 07:49

Banks get a boost

6:54 Today Programme

BBC Radio 4

Wall Street pushed further into record territory yesterday, with the S&P 500 chalking up a seven-session winning streak.

On Today Laura Lambie, senior investment director at Investec Wealth and Investment, says banks have been big winners. That's because the prospect of higher interest rates is good for their balance sheets as it boosts margins.

But also adds there had been a promise of deregulation in the sector: "Obviously we have a posse of ex-bankers in Mr Trump's administration so that helps sentiment towards the sector

[smurfy2001] 16/2/2017 00:31

astol, agree that post was all over the place.

[joemillion] 15/2/2017 21:16

Not selling a bean to I see £3 to £3.20 which I fully expect to see come April. Good luck to all.

[diku] 15/2/2017 21:00

254p will do me...

[bernie37] 15/2/2017 20:57

We urgently need to talk about Barclays (BARC). Of course, there's no real reason other than we promised a monthly update and the January clock has just about run out! In honesty, since we last ran the numbers in December, very little has changed.

The problem with the share is both the red and blue lines on the chart. Currently, to start going up, the price needs to close above 255.995p whereas, if it intends self-immolation, closure below 200.705p will justify panic.

But for now, the price is bumbling along exhibiting Mr Bean tendencies, ignoring whatever is going on around it. Movements on Monday 30th intraday were irritating, constantly teasing that the price wants to visit a boring 212p.

The problem we have is, intraday trades below 212p will suggest a coming nod in the direction of 202p and a probable challenge of the red line.

Only if 'red' breaks do we become alarmed as, until such a point, we're actually fairly optimistic on this share. But a break of 'red' allows the low 180's to make a guest appearance.

However, from a Big Picture perspective, the share is now trading above the downtrend since 2007 and this is normally a good thing. The value would require shrinking below 200p currently to slither below this particular trend, once again embracing the dark side.

Or, in other words, should 202p make an appearance anytime soon, we now have two distinctly different reasons to anticipate a reasonable bounce.

barclays share price graph

But given Barclays is currently trading on the right of a big picture downtrend and there's absolutely no political upheaval in the world, what does the share need to achieve to suggest growth will occur without 203p being troubled?

Currently trading at 223p, the price needs better than 235p to convince us it's seen bottom on the immediate cycle.

Above 235p should trigger growth now to an initial 242p with secondary, if bettered, at 254p.

In fact, we already regard this as heading to 254p as it needs below 202p to spoil the calculation. And this takes us back to our initial waffle about the ruling trends - the dark blue downtrend since 2013 will be around the 254p level at the middle of February.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

[micronesiac] 15/2/2017 17:52

Just looked it up. Yawn

[diku] 15/2/2017 17:19

It is very scientific...

[micronesiac] 15/2/2017 17:17

Thanks Bernie. What does that mean?

[bernie37] 15/2/2017 17:05

20m buy trade
Uncrossing Trade
This is used for the single uncrossing trade detailing the total executed volume and uncrossing price as a result of a SETS auction.

[1224saj] 15/2/2017 16:52

Thank you for the Ex div date

[gretel1921] 15/2/2017 16:51

Ex Dif. 10th of March & 11th of August

[portside1] 15/2/2017 16:50

END OF MARCH

[1224saj] 15/2/2017 16:49

Sorry micro, I can't see the 20M buy, where are you looking

[1224saj] 15/2/2017 16:47

Anybody on the EX div date

[micronesiac] 15/2/2017 16:46

20m buy trade at close....someone know something?

[mbmiah] 15/2/2017 16:39

High volume today - 23rd is coming

[1224saj] 15/2/2017 15:40

When does this go Ex div, can't find it in financials

[sue999] 15/2/2017 15:04

the biggest jump will come tomorrow. yellen and Trump are on Barc side.

[nicksoj] 15/2/2017 14:29

C'mon Barcs. Let's smash 240 off the Dow...

[diku] 15/2/2017 14:25

Is it just me or is there a long term header chart missing on this BB?...