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BCS stock showed sharp selling pressure in the last sessions.
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Buyers faced rejection near $9.00 and slipped below the key moving averages.
Barclays PLC stock (NYSE: BCS) showed a sudden fall and intense selling pressure this week because of the rejection from the supply range of $9.00. Moreover, the head and shoulder pattern, whose neckline was $7.50, was noted on the charts. Furthermore, the death crossover was noted, which shows bearishness on the charts.
Recently, BCS stock released Q2 earnings results which were below the estimates. Selling pressure in the stock was witnessed, resulting in slippage below the significant moving averages, and the price retraced toward the demand zone of $7.00. In the last three sessions, BCS stock lost more than 12% gains with consecutive gap-down moves on the charts showing negative sentiments among investors.
Barclays is a universal bank headquartered in the United Kingdom. It operates via two principal segments;
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