E*Trade Financial (ETFC) Approaches New Upside Target of $9.14

Published on Wed, 01/02/2013 - 11:02
By Robert Cotter in Pivot alerts, ETFC, e*trade financial, nasdaq:etfc, pivot alerts

Shares of E*Trade Financial (NASDAQ:ETFC) have bullishly opened above the pivot of $8.86 today and have reached the first resistance level of $9.05. Analysts will be watching for a cross of the next upside pivot targets of $9.14 and $9.42.

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 3.1% above its average consensus analyst price target of $8.85. The stock should discover initial support at its 200-day moving average (MA) of $8.84 and subsequent support at its 50-day MA of $8.44.

Over the past year, E*Trade Financial has traded in a range of $7.08 to $16.83 and is now at $9.13, 29% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.3%.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Quiksilver: New 52-Week Low Set Today (Z...

Quiksilver (NYSE:ZQK) traded at a new 52-week low today of $3.08. So far today approxi ...

Xerox: The Winning Streak Continues (XRX...

Xerox (NYSE:XRX) traded at a new 52-week high today of $13.38. This new high was reach ...

Watch for Continued Losses in Shares of ...

Titan International (NYSE:TWI) traded today at a new 52-week low of $13.93. Approximat ...

Take-Two Interactive Software: The Winni...

Take-Two Interactive Software (NASDAQ:TTWO) traded at a new 52-week high today of $23.6 ...

Glacier Bancorp Shares Sinking Lower, Do...

One of today's stocks on the move is Glacier Bancorp (NASDAQ:GBCI), down 1.7% to $26.56 ...

Shares of TeleNav Fall Below Previous 52...

TeleNav (NASDAQ:TNAV) traded at a new 52-week low today of $5.03. Approximately 85,000 ...

Tempur-Pedic International Makes a Move:...

Tempur-Pedic International (NYSE:TPX), a company whose shares are moving quickly, is tr ...

Recent 52-Week Low Surpassed in Shares o...

Shares of Theravance (NASDAQ:THRX) traded today at $22.01, breaking its 52-week low. A ...