Approaching Resistance: E*TRADE

New York, February 6th (TradersHuddle.com) - Shares of E*TRADE Financial Corporation (NASDAQ:ETFC) are trading very close to calculated resistance at $10.95. The stock ended the trading session at just $10.91, 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 $10.95; 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 $10.95 then traders will get an opportunity to enter the stock as it moves to a higher range.

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 17,098.45 ▲18.88 (0.11%)
o S&P 500 2,003.37 ▲6.63 (0.33%)
o NASDAQ 4,580.27 ▲22.58 (0.50%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,098.45 Trade time:4:30PM EDT Value change:▲18.88 (0.11%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,003.37 Trade time:4:30PM EDT Value change:▲6.63 (0.33%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,580.27 Trade time:5:15PM EDT Value change:▲22.58 (0.50%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.