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Bearish Moving Average Cross by TD Ameritrade Holding (AMTD)

By James Quinn

Today, shares of TD Ameritrade Holding (NASDAQ:AMTD) have fallen below their 10-day MA of $38.83 on a volume of 162K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of TD Ameritrade Holding have traded between a low of $24.88 and a high of $47.41 and are now at $38.65, which is 55% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of TD Ameritrade Holding on February 2nd, 2017 by issuing a Downtrend alert when the shares were trading at $42.45. Since that call, shares of TD Ameritrade Holding have fallen 8.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses td ameritrade holding

Ticker(s): AMTD