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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