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Look for Shares of E*Trade Financia to Potentially Pullback after Yesterday's 1.15% Rise

By Shiri Gupta

E*Trade Financia (NASDAQ:ETFC) traded in a range yesterday that spanned from a low of $64.15 to a high of $65.36. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $64.79 on volume of 775,000 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, E*Trade Financia share prices have been bracketed by a low of $21.52 and a high of $65.36 and are now at $64.98, 202% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.8%.

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 20.5%. We continue to monitor ETFC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders e*trade financia

Ticker(s): ETFC