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Watch for E*Trade Financia to Potentially Pullback After Gaining 1.43% Yesterday

By David Diaz

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. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.5%.

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