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Wajeeh Khan

eToro Stock Just Broke Above Its 50-Day Moving Average. Should You Buy ETOR Here?

eToro Stock

Shares of eToro (ETOR) stock rallied nearly 20% today after the online trading platform posted better-than-expected Q4 earnings on a more than 9% increase in funded accounts to 3.81 million.

ETOR earned $0.71 per share in the fourth quarter, handily beating the $0.69 consensus, helping the stock price soar past its 20-day moving average (MA).

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