Thursday, 5 February 2015

Stock Pick of the Day for Thursday, February 05 2015 : Barclays Plc


 

London Stock exchange pick of  the day

RECOMMENDATION BUY
TARGET 260
The Major trend of Barclays Plc is sideways and it is showing strength for buying. If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 250 upside then it can show upside movement for the target of 260 with the stop loss of 254.

CHART FORMATION:-
Stock is showing sign for reversal from downside in it. Crossing the resistance will lead to upside movement. Stock is trading above the 200 & 50 DMA with positive bias.

Detailed stock report of UK Stock Barclays PLC

INDICATORS:-
RSI is trading near to 62 level with positive bias, in upcoming session upside movement is expected. Volume is also on higher side only.
MACD and Signal line is sustaining above the zero level line.