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

By David Diaz

Today, shares of E*Trade Financia (NASDAQ:ETFC) have crossed bullishly above their 10-day moving average of $38.11 on a volume of 728K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

E*Trade Financia share prices have moved between a 52-week high of $66.46 and a 52-week low of $34.68 and are now trading 12% above that low price at $38.87 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.7%.

SmarTrend is monitoring the recent change of momentum in E*Trade Financia. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of E*Trade Financia in search of a potential trend change.

Keywords: moving crosses e*trade financia

Ticker(s): ETFC