Does Toronto-Dominion Bank Have Any Gas After Today’s Gap Up?

 Does Toronto Dominion Bank Have Any Gas After Today's Gap Up?

The stock of Toronto-Dominion Bank (TSE:TD) gapped up by $0.04 today and has $76.94 target or 27.00% above today’s $60.58 share price. The 6 months technical chart setup indicates low risk for the $112.30 billion company. The gap was reported on Nov, 7 by If the $76.94 price target is reached, the company will be worth $30.32 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 918,567 shares traded hands. Toronto-Dominion Bank (TSE:TD) has risen 6.43% since April 1, 2016 and is uptrending. It has outperformed by 4.48% 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 1.65% above today’s ($60.58) stock price. Toronto-Dominion Bank has been the topic of 26 analyst reports since August 29, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, May 27 by RBC Capital Markets. Scotia Capital maintained it with “Sector Perform” rating and $60 target price in Tuesday, October 25 report. The stock of Toronto-Dominion Bank (TSE:TD) earned “Outperform” rating by RBC Capital Markets on Tuesday, October 25. RBC Capital Markets maintained Toronto-Dominion Bank (TSE:TD) rating on Wednesday, November 2. RBC Capital Markets has “Outperform” rating and $65 price target. The stock of Toronto-Dominion Bank (TSE:TD) earned “Buy” rating by Dundee Securities on Wednesday, September 21. 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: “Toronto-Dominion Bank raising rates, variable rate mortgage customers to face …” on November 01, 2016, also with their article: “TD Ameritrade, TD Bank Said Near $4 Billion Scottrade Deal” published on October 23, 2016, published: “TD Ameritrade said to join with Toronto-Dominion Bank to bid for Scottrade” on October 20, 2016. More interesting news about Toronto-Dominion Bank (TSE:TD) were released by: and their article: “Toronto-Dominion Bank Raises Prime: What’s the Bottom Line?” published on November 03, 2016 as well as‘s news article titled: “Why Toronto-Dominion Bank Is the Best of the Big 5” with publication date: October 28, 2016.

The Toronto-Dominion Bank operates as a bank in North America. The company has a market cap of $112.30 billion. The Bank is an online financial services firm, with over 10.2 million online and mobile customers. It has a 13.66 P/E ratio. The Company’s divisions include Canadian Retail, U.S.

TD.TO 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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