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E*Trade Financia Crosses Above its 10-day MA (ETFC)

By Nick Russo

E*Trade Financia (NASDAQ:ETFC) shares have crossed bullishly above their 10-day moving average of $40.21 on a volume of 415K shares. This may provide short-term investors a chance 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 $21.52 and a high of $42.19 and are now at $40.32, which is 87% above that low price. The 200-day and 50-day moving averages have moved 0.38% lower and 0.84% higher over the past week, respectively.

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 10.3%. 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 financia

Ticker(s): ETFC