Bank your shares in Barclays, says Marcus Bullus at www.mbcapital.co.uk.
With concerns both over contagion in Europe and which banks are exposed to what risks, Barclays offers an attractive reward-to-risk opportunity to short-sellers.
Granted, Barclays has already fallen a long way from its year-to-date highs. However, in light of the current market conditions and the price failing to get back above its 50-day exponential moving average (EMA), traders should sell short, placing a stop above that EMA.
