Toronto Dominion Bank (The) (TD) has risen sharply, recording gains of 2.27% in the past 4 weeks. However, the stock has corrected -0.87% in the past 1 week, providing a good buying opportunity on dips. Toronto Dominion Bank (The) (TD) : During the past 4 weeks, traders have been relatively bearish on Toronto Dominion Bank (The) (TD), hence the stock is down -0.21% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.29% relative to the S&P 500.
Toronto Dominion Bank (The) (NYSE:TD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.04 and $42.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.19, notching a gain of 0.30% for the day. The total traded volume was 1,264,409 . The stock had closed at $43.06 on the previous day.
The stock has recorded a 20-day Moving Average of 0.22% and the 50-Day Moving Average is 0.13%. The Toronto-Dominion Bank is up 1.35% in the last 3-month period. Year-to-Date the stock performance stands at 13.55%.
Toronto Dominion Bank (The) (TD) : The highest level Toronto Dominion Bank (The) (TD) is projected to reach is $61 for the short term and the lowest estimate is at $41. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $47.98 and the possibility the share price can swing is $6.82.
The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank conducts its business through segments, such as Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses, including credit cards, auto finance, wealth and insurance businesses. U.S. Retail consists of the Banks retail and commercial banking operations operating under the brand TD Bank, Americas Most Convenient Bank, and wealth management services in the United States. Wholesale Banking provides a range of capital markets, investment banking, and corporate banking products and services, 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 Bank is also an online financial services firm.