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Stock Investors Bid Up Shares of E*Trade Financial, Up 2.1%

Published on Fri, 02/01/2013 - 13:28
By Adrienne Chilton

Up 2.1% to $10.82, E*Trade Financial (NASDAQ:ETFC), is one of today's notable movers. The Dow Jones Industrial Average is now trading 0.9% higher to 13,994 and the S&P is trading 1.0% higher to 1,513.

Over the past year, E*Trade Financial has traded in a range of $7.08 to $16.83 and is now at $10.82, 53% above that low. The 200-day and 50-day moving averages have moved 0.07% higher and 2.43% higher over the past week, respectively.

E*TRADE Financial Corporation provides online brokerage and related products and services primarily to individual retail investors. The Company's products and services include investor-focused banking, primarily sweep deposits and savings products, and asset gathering.

E*Trade Financial (NASDAQ:ETFC) is currently priced 12.0% above its average consensus analyst price target of $9.52. The stock should find initial support at its 50-day moving average (MA) of $9.07 and further support at its 200-day MA of $8.74.

By Adrienne Chilton
achilton@fnno.com