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

By David Diaz

Today, shares of E*Trade Financial (NASDAQ:ETFC) have advanced above their 10-day MA of $28.67 on a volume of 2.3 million 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 Financial have traded between a low of $19.61 and a high of $31.48 and are now at $29.80, which is 52% above that low price. Over the last five market days, 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 Financial on August 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.04. Since that recommendation, shares of E*Trade Financial have risen 8.3%. 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 financial

Ticker(s): ETFC