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TD Ameritrade Holding Crosses Below its 10-day MA (AMTD)

By David Diaz

TD Ameritrade Holding (NASDAQ:AMTD) shares have crossed bearishly below their 10-day moving average of $32.49 on a volume of 536K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, TD Ameritrade Holding has traded in a range of $24.88 to $39.05 and is now at $32.33, 30% above that low. 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 subscribers consider buying shares of TD Ameritrade Holding on July 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.49. Since that recommendation, shares of TD Ameritrade Holding have risen 11.2%. We continue to monitor AMTD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses td ameritrade holding

Ticker(s): AMTD