| Videos | Channels | Search |
Keep up with the Neighbour: Sell Barratt Developments!
The markets are in corrective mode, house-builders are looking increasingly 'toppy', the sector's traded down towards key support which has failed to build so that's why Joe Neighbour, from Central Markets, is selling Barratt Developments this Friday. He says we saw a brief attempt at a rally in Thursday's session but that failed to retake the key level.
Barratt Developments is one of the biggest residential property development companies in the UK. It was founded nearly sixty years ago. Joe's plan is to sell BDEV into any strength towards the new resistance at 340p. The top pattern implies a target of 300p on the downside. The recommended stop is around 350p.
01:07 minutes
Tags: barratt, barratt homes, barratt share price, bdev, bdev ticker, builders, buildings, business, business news, central markets, developments, equities, equity, equity strategy, finance, finance news, home, homes, house, housing, joe, neighbour, neighbours, news, price target, price targets, saxo, saxo bank, saxo tv, sell, sell barratt, shares, stocks, stop loss, target, targets, trade view, traders, trading, tradingfloor.com, tv, uk home, uk home builders, uk house builders, uk housing, video