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Watch for E*Trade Financia to Potentially Rebound After Falling 1.02% Yesterday

By Nick Russo

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.

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. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has remained constant.

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.

Keywords: rebounders e*trade financia

Ticker(s): ETFC