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E*TRADE Financial Corporation shares had a phenomenal trading session on Friday with share price moving up more than 7% to $14.50. Stock reacted to the Oversold conditions and some good news coming from FED, however the overall technical picture of stock is still bad. Share price needs to break $16 to believe in a secure rebound. This company have lost half of the market cap. in only one month. Share price came from $23 to $9.96. Well, be carefull and wait for strong signals given by the indicators.