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Downgrade Alert for TD Ameritrade Holding (AMTD)

By Nick Russo

TD Ameritrade Holding (NASDAQ:AMTD) was downgraded from Buy to Hold at Deutsche Bank today. The stock closed yesterday at $30.01 on volume of 3.1 million shares, above average daily volume of 3.0 million.

Over the past year, TD Ameritrade Holding has traded in a range of $24.88 to $39.05 and closed yesterday at $30.01, 21% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.6%.

TD Ameritrade Holding has overhead space with shares priced $30.01, or 20.1% below the average consensus analyst price target of $37.56. The stock should find initial resistance at its 50-day moving average (MA) of $30.88 and further resistance at its 200-day MA of $32.57.

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.

SmarTrend is monitoring the recent change of momentum in TD Ameritrade Holding. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of TD Ameritrade Holding in search of a potential trend change.

Keywords: analyst upgrades/downgrades td ameritrade holding

Ticker(s): AMTD