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Shares of E*Trade Financia Rise Above Previous 52-Week High

By David Diaz

E*Trade Financia (NASDAQ:ETFC) traded at a new 52-week high today of $65.48. Approximately 168,000 shares have changed hands today, as compared to an average 30-day volume of 2.6 million shares.

E*TRADE Financial Corporation provides online brokerage and related products and services primarily to individual retail investors. The Company's products and services include investor-focused banking, primarily sweep deposits and savings products, and asset gathering.

In the past 52 weeks, E*Trade Financia share prices have been bracketed by a low of $21.52 and a high of $65.48 and are now at $65.38, 204% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 1.8%.

E*Trade Financia has overhead space with shares priced $65.38, or 3.9% below the average consensus analyst price target of $68.00. The stock should discover initial support at its 50-day moving average (MA) of $58.84 and subsequent support at its 200-day MA of $49.62.

SmarTrend recommended that subscribers consider buying shares of E*Trade Financia on February 27th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.42. Since that recommendation, shares of E*Trade Financia have risen 21.0%. We continue to monitor ETFC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows e*trade financia

Ticker(s): ETFC