Barclays Shares Hit a 5-Year High: Is BCS Worth Betting on?

During yesterday’s trading session, Barclays (BCS) stock touched a new 5-year high of $16.27 on the NYSE. In the past six months, the stock has soared 37.7%, outperforming the industry’s growth of 8.7%. In contrast, its peers – HSBC Holdings (HSBC) and NatWest Group plc (NWG) – have fared better in the same time frame.Barclays Six Month Price Performance Image Source: Zacks Investment ResearchTechnical indicators suggest strength for Barclays. The stock is trading above its 50-day moving average. It signals ...