• Error loading component: com_content, 1
  • Error loading component: com_content, 1
  • Error loading component: com_content, 1

New York, January 7th ( - Shares of E*TRADE Financial Corporation (NASDAQ:ETFC) closed the session at $9.39 just above calculated resistance at $9.28. The stock effectively broke out and grasped the attention of momentum traders, which could eventually push the stock to a different trading range.

E*TRADE Financial Corporation (NASDAQ:ETFC) provides online brokerage and related products and services primarily to individual retail investors. The company offers investor-focused banking, primarily sweep deposits and savings products.

The stock was trading in a well defined range with support at $8.45 and resistance at $9.28. Given that this range was broken, traders will be closely monitoring E*TRADE's price action to gather clues on the future direction.

From a technical perspective, it can be expected that previous resistance becomes support, as the new range gets defined. However, given that E*TRADE is still near the broken resistance level, traders will be focusing on the $9.28 level to see if the stock holds the breakout without rolling over.

TradersHuddle Search

Stock Search:

Site Search:


Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 17,719.92 ▼78.57 (-0.44%)
o S&P 500 2,080.41 ▼9.70 (-0.46%)
o NASDAQ 5,108.67 ▼18.86 (-0.37%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,719.92 Trade time:4:34PM EST Value change:▼78.57 (-0.44%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,080.41 Trade time:4:34PM EST Value change:▼9.70 (-0.46%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:5,108.67 Trade time:5:15PM EST Value change:▼18.86 (-0.37%)

In The Wires

Copyright © 2013 All Rights Reserved.