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Possible Bearish Inside Day Candle Pattern Detected for Td Ameritrade Ho (NASDAQ:AMTD)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Td Ameritrade Ho (NASDAQ:AMTD) based on the price action in the company's shares. Today's price range of $57.26 and $58.21 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Td Ameritrade Ho may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

TD Ameritrade Holding Corporation provides online brokerage services. The Company, through its private client and institutional client divisions, provides tiered levels of brokerage products and services tailored to meet the varying investing, trading, and execution needs of self-directed individual investors, financial institutions, and corporations.

Td Ameritrade Ho share prices have moved between a 52-week high of $63.01 and a 52-week low of $41.88 and are now trading 37% above that low price at $57.56 per share. The 200-day and 50-day moving averages have moved 0.22% higher and 0.24% lower over the past week, respectively.

There is potential upside of 16.3% for shares of Td Ameritrade Ho based on a current price of $57.56 and an average consensus analyst price target of $66.94. The stock should hit resistance at its 50-day moving average (MA) of $58.80, as well as support at its 200-day MA of $55.42.

SmarTrend is tracking the current trend status for Td Ameritrade Ho and will alert subscribers who have AMTD in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle td ameritrade ho

Ticker(s): AMTD