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E*Trade Financial Crosses Below its 10-day MA (ETFC)

By James Quinn

E*Trade Financial (NASDAQ:ETFC) crossed under its 10-day moving average of $25.34 on a volume of 284K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

E*Trade Financial share prices have moved between a 52-week high of $31.48 and a 52-week low of $19.61 and are now trading 29% above that low price at $25.21 per share. 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 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

Ticker(s): ETFC