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Bearish Moving Average Cross by Toronto-Dominion Bank (TD)

By Nick Russo

Toronto-Dominion Bank (NYSE:TD) crossed under its 10-day moving average of $42.83 on a volume of 516K 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, Toronto-Dominion Bank share prices have been bracketed by a low of $33.49 and a high of $46.54 and are now at $41.83, 25% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for Toronto-Dominion Bank and will alert subscribers who have TD in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses toronto-dominion bank

Ticker(s): TD