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

By James Quinn

Today, shares of E*Trade Financia (NASDAQ:ETFC) have advanced above their 10-day MA of $45.16 on a volume of 524K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of E*Trade Financia have traded between a low of $40.41 and a high of $66.46 and are now at $45.90, which is 14% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of E*Trade Financia on May 23rd, 2019 by issuing a Downtrend alert when the shares were trading at $46.83. Since that call, shares of E*Trade Financia have fallen 4.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses e*trade financia

Ticker(s): ETFC