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SmarTrend Watching for Potential Rebound in Shares of E*Trade Financia After 1.02% Loss

By Shiri Gupta

E*Trade Financia (NASDAQ:ETFC) traded in a range yesterday that spanned from a low of $59.11 to a high of $60.50. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $60.27 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for E*Trade Financia and will alert subscribers who have ETFC in their portfolio or watchlist when shares have changed trend direction.

E*Trade Financia share prices have moved between a 52-week high of $66.46 and a 52-week low of $21.52 and are now trading 179% above that low price at $59.97 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.7%.

Keywords: rebounders e*trade financia

Ticker(s): ETFC