Long Position on ETFC @ $44.00 on 2/13/2020 (Momentum)

E*TRADE Financial Corporation (ETFC) operates in the online brokerage industry.

It delivers solutions for traders, investors, advisors, and stock plan administrators and participants.

It also offers investor-focused banking products, primarily sweep deposits to customers; clearing and settlement services; insurance on certain qualifying amounts of customer deposits, and other banking and cash management services; custody solutions to RIAs; software and services for managing equity compensation plans to its corporate clients; retail futures transaction services; and investment advisory services.

The company provides its services to customers through digital platforms; and a network of industry-licensed customer service representatives and financial consultants through phone, email, and online at two national financial centers, as well as in-person at 30 regional financial centers in the United States. 

Shares have formed a bullish "double bottom" and are expected to move higher from this formation. The company is scheduled to report its results on April 23rd.

Entry Point: $44.00

Stop Loss: $41.50

Trading Range: $34.68 - $52.35

Target Price: $48.30

Updates

2/20/2020 9:10:18 AM

ETFC closed at $56

Position closed on 2/20/2020 at price of $56.00 with a 27.27% gain in 7 days.

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