E*Trade Financial Bearish Moving Average Crossover Alert (ETFC)
Today, shares of E*Trade Financial (NASDAQ:ETFC) have crossed bearishly below their 10-day moving average of $25.61 on a volume of 1.2 million 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, E*Trade Financial share prices have been bracketed by a low of $19.61 and a high of $31.48 and are now at $24.90, 27% above that low price. The 200-day and 50-day moving averages have moved 0.25% lower and 0.78% higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in E*Trade Financial. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of E*Trade Financial in search of a potential trend change.
Keywords: moving crosses e*trade financial