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Sell Barclays: Below 300p Plus Resistance Could Lead Towards 240p

By Zak Mir | Thursday 18 April 2013

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

There are not many who would deny that it has been a decent price ride for Barclays (BARC) shares since last summer – ironically since we were treated to the Libor scandal that people already seem to have forgotten about.

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