Bought TD Bank (TD.TO or TD:US)
By:
Sharp2Be Friday, May 09, 2008 4:38 PM
Re-entering TD Bank here after today’s action so far. I see this bar as a confirmation and new attack to the 200sma. My target is $76 and my stop is right below today’s bar.
| Long Entry |
TD.TO |
(TD.TO) TORONTO-DOMINION BANK |
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| Date |
9-May-08 |
Industry: Money Center Banks |
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| Price |
$67.72 |
The Toronto-Dominion Bank (the Bank) is a Canadian bank. The Bank and its subsidiaries are collectively known as TD Bank Financial Group (TDBFG). TDBFG serves more than 14 million customers in four businesses operating in a number of locations in financial centers around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust; Wealth Management, including TD Waterhouse and an investment in TD Ameritrade; Wholesale Banking, …read more on Y! Finance |
| Initial Stop |
$66.10 |
| Risk $ per Share |
$1.65 |
| Risk % Cost |
2.4% |
| Risk % Capital |
1.3% |
| Price Target |
$72.00 |
| Expected % |
6.3% |
| Risk x Reward |
2.6 |
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