Chart of the Day – BARC

BARCLAYS PLC (BARC-L)

BARCLAYS PLC reached the lows, near 140.6p, towards the middle of Apr. The next few months were spent consolidating above that level, in a bottoming out process. Last Friday, prices rose 1.6 percent to retest the range resistance at 170p. The bank looks capable of sustaining additional gains in the event of an upside breakout.

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