• 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 16,854.40 ▲77.97 (0.46%)
o S&P 500 1,990.36 ▲3.31 (0.17%)
o NASDAQ 4,778.85 ▼2.42 (-0.05%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,854.40 Trade time:9:58AM EDT Value change:▲77.97 (0.46%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,990.36 Trade time:9:58AM EDT Value change:▲3.31 (0.17%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:4,778.85 Trade time:9:58AM EDT Value change:▼2.42 (-0.05%)

In The Wires

Copyright © 2013 All Rights Reserved.