Don't Ignore This Chart!

High Volume Gap Provides Support for E*Trade on CandleVolume Chart

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The chart below shows E*Trade (ETFC) with CandleVolume charts to accent volume. Upside volume has been strong in general and the stock gapped above 14 with the biggest volume since the mid March gap down. This gap zone around 14 has turned support as the stock firms just above. A break above last week's high would signal a resumption of the uptrend.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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