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Monday, March 26, 2012

Moving After The Close: (ETFC), (FN), (NKTR)

E*TRADE Financial Corporation (NASDAQ: ETFC): fell by 3.08% or $-0.35/share in after hours trading to $11.01. In today's trading session, ETFC traded higher by 0.80% or $0.09/share to $11.36. In the past year, the shares have traded as low as $7.42 and as high as $16.83. On average, 6338660 shares of ETFC exchange hands on a given day and today's volume is recorded at 5502179. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $9.82 area where the stock will likely see buying pressure.

Fabrinet (NYSE: FN): fell by 5.25% or $-1.02/share in after hours trading to $18.40. In today's trading session, FN traded higher by 5.54% or $1.02/share to $19.42. In the past year, the shares have traded as low as $11.54 and as high as $25.90. On average, 182774 shares of FN exchange hands on a given day and today's volume is recorded at 101497. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $18.24 area where the stock will likely see buying pressure.

Nektar Therapeutics (NASDAQ: NKTR): fell by 2.54% or $-0.2/share in after hours trading to $7.67. In today's trading session, NKTR traded higher by 3.28% or $0.25/share to $7.87. In the past year, the shares have traded as low as $4.07 and as high as $10.83. On average, 1282110 shares of NKTR exchange hands on a given day and today's volume is recorded at 2376070. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $7.27 area where the stock will likely see buying pressure.