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ETFC (E TRADE Financial Corporation) Breakout To New Highs

|Includes: E*TRADE Financial Corporation (ETFC)

$ETFC (E TRADE Financial Corporation - NASDAQ) today confirmed a breakout to new highs above 18.54 on 33% higher than normal volume.

VOLUME

  • 1.28mil shares, +33% compared to typical volume of 964k by 11:05 am ET (15-20 min delayed).
  • Typical daily volume is 3.11mil shares over the past 6 months.

BREAKOUT

  • CONFIRMED breakout above 18.54, no resistance in area just above.
  • Type: Continuation breakout from single resistance.
  • Target: 19.82, 6.7% Stop: 18.16, Loss: 2.3%, Profit/Loss ratio: 2.9 : 1 - Good

CURRENT PRICE

18.58, just above resistance, 18.25 ± 0.27, type single, strength 1

RESISTANCE ABOVE

None.

SUPPORT BELOW

  • -1.8% at 18.25 ± 0.27, type single, strength 1
  • -4.4% at 17.76 ± 0.27, type triple, strength 6
  • -7.3% at 17.22 ± 0.26, type triple, strength 10

ETFC breakout stock chart from StockConsultant.com

Source: ETFC at StockConsultant