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After Yesterday's Rally of 1.61% Shares Could Potentially Pullback

By David Diaz

Td Ameritrade Ho (NASDAQ:AMTD) traded in a range yesterday that spanned from a low of $44.40 to a high of $45.44. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $44.99 on volume of 632,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Td Ameritrade Ho has traded in a range of $26.37 to $47.41 and is now at $45.28, 72% 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 Ho on June 12th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.08. Since that recommendation, shares of Td Ameritrade Ho have risen 11.5%. We continue to monitor AMTD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders td ameritrade ho

Ticker(s): AMTD