Could Toronto-Dominion Bank Increase Even More? The Stock Just Had a Gap Up

 Could Toronto Dominion Bank Increase Even More? The Stock Just Had a Gap Up

The stock of Toronto-Dominion Bank (TSE:TD) gapped up by $0.02 today and has $96.48 target or 64.00% above today’s $58.83 share price. The 5 months technical chart setup indicates low risk for the $109.54B company. The gap was reported on Oct, 18 by If the $96.48 price target is reached, the company will be worth $70.11 billion more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 1.29M shares traded hands. Toronto-Dominion Bank (TSE:TD) has risen 6.04% since March 11, 2016 and is uptrending. It has outperformed by 0.55% the S&P500.

Toronto-Dominion Bank (TSE:TD) Ratings Coverage

Out of 6 analysts covering Toronto-Dominion Bank (TSE:TD), 4 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. $69 is the highest target while $44 is the lowest. The $61.58 average target is 4.67% above today’s ($58.83) stock price. Toronto-Dominion Bank has been the topic of 23 analyst reports since August 29, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Dundee Securities on Wednesday, September 21. The firm has “Outperform” rating given on Friday, May 27 by RBC Capital Markets. Canaccord Genuity upgraded the shares of TD in a report on Wednesday, December 9 to “Buy” rating.

More notable recent Toronto-Dominion Bank (TSE:TD) news were published by: which released: “Is TD Bank A Buy At These Prices?” on October 18, 2016, also with their article: “Tulk Leaves Toronto-Dominion Bank for Fidelity Investments” published on September 23, 2016, published: “Should TFSA Investors Buy Toronto-Dominion Bank?” on October 13, 2016. More interesting news about Toronto-Dominion Bank (TSE:TD) were released by: and their article: “Toronto-Dominion Bank Is A Buy” published on September 27, 2016 as well as‘s news article titled: “Ex-Dividend Reminder: Toronto Dominion Bank, American Express and Lincoln …” with publication date: October 03, 2016.

The Toronto-Dominion Bank operates as a bank in North America. The company has a market cap of $109.54 billion. The Bank is an online financial services firm, with over 10.2 million online and mobile customers. It has a 13.26 P/E ratio. The Company’s divisions include Canadian Retail, U.S.

TD Company Profile

The Toronto-Dominion Bank (the Bank), incorporated on June 22, 1998, operates as a bank in North America. The Bank is an online financial services firm, with approximately 10.2 million online and mobile customers. The Bank conducts its business through the divisions, which include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial services and products to clients in the Canadian personal and commercial banking businesses. The U.S. Retail segment consists of the Bank’s retail and commercial banking activities operating under the brand TD Bank, and wealth management services in the United States. The Wholesale Banking segment provides a range of capital markets, investment banking, and corporate banking services and products, including underwriting and distribution of new debt and equity issues, providing advice on strategic acquisitions and divestitures, and meeting the daily trading, funding and investment needs of its clients. The Corporate segment includes the impact of treasury and balance sheet management activities.

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