E*TRADE Is Near a Key Resistance Area

New York, July 19th (TradersHuddle.com) - Shares of E*TRADE Financial Corporation (NASDAQ:ETFC) are trading very close to calculated resistance at $13.70. The stock ended the trading session at just $13.34, 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 $11.61 and by the resistance level at $13.70; 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 $11.61 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $13.70 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 16,424.85 ▲162.29 (1.00%)
o S&P 500 1,862.31 ▲19.33 (1.05%)
o NASDAQ 4,086.23 0.00 (0.00%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,424.85 Trade time:4:31PM EDT Value change:▲162.29 (1.00%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,862.31 Trade time:4:31PM EDT Value change:▲19.33 (1.05%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,086.23 Trade time:5:15PM EDT Value change:0.00 (0.00%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.