E*TRADE Breaking Thru Resistance (ETFC)

Posted in pre-market 
September 22nd, 2009

E*TRADE Financial Corporation (NASDAQ: ETFC) is trading up another 4% pre-market.  At 8:27 AM EST we have shares at $2.06 on almost 3 million shares pre-market.  This appears to just be continued buying and turnaround interest after the two upgrades last week.  More importantly, this gets ETFC back over $2.00 and it closed above that $1.94 to $1.97 resistance.  If that buying surge continues, the next resistance is not until close to $2.20 on a longer-term basis. -JON OGG

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