Thursday, May 15th, 2008
ETFC - Etrade making a move to test May highs
Finally some action for ETFC shareholders with a move to test the recent highs.
$4.35 is the May high it need to break.
Finally some action for ETFC shareholders with a move to test the recent highs.
$4.35 is the May high it need to break.
Lots of eyes on ETFC as it sits on the $5 support/resistance level. A move over $5.50 would bring in a the technical traders looking for a break out. Support at $4.50 at the moment. For more discussion ETFC visit the HSM message boards.
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After taking a severe hit from mortgage related issues, insiders at ETFC have loaded up in the $4 area. This is either a show of faith or just an attempt to let investors know they trust their company with their own money, either way, it looks tempting.