TD Ameritrade Holding Corporation provides securities brokerage
services and technology-based financial services to retail investors,
traders, and independent registered investment advisors (RIAs) in the
United States. The company's offerings include TD Ameritrade for
self-directed retail investors; TD Ameritrade Institutional, which
provides brokerage and custody services to independent RIAs and their
clients; thinkorswim that offers a suite of trading platforms serving
self-directed and institutional traders, and money managers; and
Investools, a suite of investor education products and services for
stock, option, foreign exchange, futures, mutual fund, and fixed-income
investors; Amerivest, an online advisory service that develops
portfolios of exchange-traded funds for long-term investors. It also
offers products and services, such as common and preferred stocks,
exchange-traded funds, options, futures, foreign exchange products,
mutual funds, fixed income products, primary and secondary fixed income
securities, closed-end funds, and preferred stocks, as well as margin
lending, cash management services, and annuities.
To review TD's stock, please take a look at the 1-year chart of AMTD
(TD Ameritrade Holding Corporation) below with my added notations:
AMTD has been trading mostly sideways for the last 3 months. Over
that period of time, the stock has formed an obvious resistance level at
$28 (red), and in addition, the stock has also created a strong level
of support at $25.50 (green). At some point the stock will have to
break one of those two levels.
The Tale of the Tape: AMTD has identifiable levels
of support and resistance. The possible long positions on the stock
would be either on a pullback to $25.50, or on a breakout above $28. The
ideal short opportunities would be on a break below $25.50.
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