ETFC Fresh Multi Year Lows Looming?
Keep an eye on Etrade Financial (ETFC) stock as it is nearing what either will be a triple bottom or a new downtrend yet to truly begin.
The low set on November 12th was $3.46, and all this week ETFC has been slowly selling its way down. Today the low is $3.55. Check out this chart for visual which includes the 20 day moving average,
Click to view, click again to zoom
Is ETFC really a buy out candidate or is this company destined to be trading under $3 by mid 2008? Time will tell.
More on this topic
(What's this?)
E*Trade Takes a Step Toward Recovery With Sale of Assets
(Money Morning, 1/9/08)
Citadel Throws E-Trade a $2.5 Billion Life Raft
(Money Morning, 11/29/07)
E*Trade Sinks on Liquidity worries, Risks continue to mount
(WC Power Tech Fund, 11/12/07)
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Posted by Blain Reinkensmeyer on December 19, 2007 at 2:23 pm --
[...] Stock Chart: ETFC Fresh Multi Year Lows? Posted this with ETFC at [...]