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E*Trade Financia Rises 1.43% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

E*Trade Financia (NASDAQ:ETFC) traded in a range yesterday that spanned from a low of $45.00 to a high of $45.47. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $45.14 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of E*Trade Financia have traded between a low of $39.31 and a high of $66.46 and are now at $45.35, which is 15% above that low price. The 200-day and 50-day moving averages have moved 0.43% lower and 0.5% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in E*Trade Financia. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of E*Trade Financia in search of a potential trend change.

Keywords: rebounders e*trade financia

Ticker(s): ETFC