E*TRADE Breaking Thru Resistance (ETFC)
Posted in pre-marketSeptember 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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