Trading Idea: - Is E*TRADE close to Resistance?

New York, February 1st ( - Shares of E*TRADE Financial Corporation (NASDAQ:ETFC) are trading very close to calculated resistance at $10.70. The stock ended the trading session at just $10.60, which is near levels that make it difficult to buy or start a position.

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.

E*TRADE's stock range is defined by its calculated support defined at $9.87 and by the resistance level at $10.70; the stock is clearly over-extended from support, making it harder for participants to establish fresh longs.

Traders don't have a clear entry point for E*TRADE. However, as the stock pulls back towards $9.87 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $10.70 then traders will get an opportunity to enter the stock as it moves to a higher range.

TradersHuddle Search

Stock Search:

Site Search:


Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 17,574.27 ▲217.40 (1.25%)
o S&P 500 2,038.72 ▲25.83 (1.28%)
o NASDAQ 4,709.24 ▲64.93 (1.40%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,574.27 Trade time:11:22AM EST Value change:▲217.40 (1.25%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,038.72 Trade time:11:22AM EST Value change:▲25.83 (1.28%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:4,709.24 Trade time:11:22AM EST Value change:▲64.93 (1.40%)

In The Wires

Copyright © 2013 All Rights Reserved.