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Barclays Has Returned 29.4% Since SmarTrend Recommendation (BCS)

By David Diaz

SmarTrend identified an Uptrend for Barclays (NYSE:BCS) on August 9th, 2016 at $8.50. In approximately 9 months, Barclays has returned 29.41% as of today's recent price of $11.00.

In the past 52 weeks, Barclays share prices have been bracketed by a low of $6.76 and a high of $18.05 and are now at $11.00, 63% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 0.4%.

Barclays PLC offers commercial and investment banking, insurance, financial, asset management and related services. The Company's subsidiary, Barclays Bank plc, operates over 2,000 branches in the United Kingdom and around 900 branches overseas. In all, Barclays Bank operates branches in over 60 countries.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Barclays shares.

Log in and add Barclays (BCS) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights barclays

Ticker(s): BCS