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Bearish Moving Average Cross by E*Trade Financia (ETFC)

By Shiri Gupta

E*Trade Financia (NASDAQ:ETFC) crossed under its 10-day moving average of $40.83 on a volume of 380K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of E*Trade Financia have traded between a low of $21.52 and a high of $42.19 and are now at $40.44, which is 88% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of E*Trade Financia on May 4th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.14. Since that recommendation, shares of E*Trade Financia have risen 13.4%. We continue to monitor ETFC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses e*trade financia

Ticker(s): ETFC