September 14, 2009 - Shares of E*TRADE Financial Corporation (ETFC) are set to open higher this morning as the stock is being upgraded at Citigroup.
Price Target = $2.30
Citigroup upgraded E*TRADE Financial Corporation (ETFC) as it believes loan less trends have improved and the company could potentially be subject to a buyout. Citigroup raised its price target on shares to $2.30 from $1.50.
Looking at the chart, I will be buying ETFC stock if it can break above $2 per share. This would be the start of a technical breakout similar to YRCW last week.
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Showing posts with label etrade analysis. Show all posts
Showing posts with label etrade analysis. Show all posts
Monday, September 14, 2009
Saturday, August 29, 2009
Etrade ETFC Stock Technical Analysis 8/31/09
The following is technical analysis on E*TRADE Financial Corporation (ETFC) for August 31, 2009E*TRADE Financial Corporation (ETFC) Support & Resistance Levels - 8/31/09
Resistance Levels - $1.69, $1.80, $2.00
Support Levels - $1.50, $1.42
Chart - http://stockcharts.com
Discuss Stocks - http://stockstobuy.org
Etrade had a huge breakout day on Friday and closed above the $1.58 resistance. The breakout was on heavy volume and the stock is now breaking up and away from all three major moving averages. Aside from the high of $1.69 on Friday, the next key resistance levels are located at $1.80 and $2. A break above $2 would get me to buy the stock and a close over $2 would get me to buy even more. Pullbacks to the 10 day moving average should offer a great deal of support going forward given the move on Friday. For More Technical Analysis - Go Here
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