Could TD Ameritrade Holding Corporation (AMTD) Change Direction After This Wedge Up Pattern

December 7, 2017 - By Marie Mckinney

Investors sentiment is 1.05 in 2017 Q2. Its the same as in 2017Q1. It is flat, as 37 investors sold TD Ameritrade Holding Corporation shares while 83 reduced holdings. only 34 funds opened positions while 92 raised stakes. 477.60 million shares or 0.81% more from 473.79 million shares in 2017Q1 were reported.
Rwc Asset Management Limited Liability Partnership invested in 427,481 shares or 1.12% of the stock. Voya Limited Liability Corporation reported 0.53% stake. Davis Capital Ptnrs Ltd Liability Company reported 470,000 shares. Andra Ap owns 64,100 shares. 5,910 were reported by Blair William & Il. Geode Management Lc reported 2.34M shares. Northwestern Mutual Wealth Com has invested 0% in TD Ameritrade Holding Corporation (NASDAQ:AMTD). Employees Retirement Systems Of Ohio has 113,288 shares. State Street Corp reported 4.75M shares. Pnc Fincl Services Group Incorporated Incorporated owns 0% invested in TD Ameritrade Holding Corporation (NASDAQ:AMTD) for 46,942 shares. Profund Advsr Ltd has 0.13% invested in TD Ameritrade Holding Corporation (NASDAQ:AMTD). Livforsakringsbolaget Skandia Omsesidigt has 0.02% invested in TD Ameritrade Holding Corporation (NASDAQ:AMTD). Lombard Odier Asset Management (Switzerland) Sa accumulated 0.03% or 5,126 shares. Raymond James Assoc stated it has 133,364 shares. Nordea Investment Mgmt Ab invested in 0% or 7,279 shares.

Since June 15, 2017, it had 0 insider purchases, and 1 insider sale for $404,500 activity.

The stock of TD Ameritrade Holding Corporation (AMTD) formed an up wedge with $55.84 target or 7.00 % above today’s $52.19 share price. The 7 months wedge indicates low risk for the $29.59B company. If the $55.84 price target is reached, the company will be worth $2.07B more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.85% or $0.44 during the last trading session, reaching $52.19. About 975,509 shares traded. TD Ameritrade Holding Corporation (NASDAQ:AMTD) has risen 21.10% since December 8, 2016 and is uptrending. It has outperformed by 4.40% the S&P500.

Analysts await TD Ameritrade Holding Corporation (NASDAQ:AMTD) to report earnings on January, 17. They expect $0.48 earnings per share, up 17.07 % or $0.07 from last year’s $0.41 per share. AMTD’s profit will be $272.13 million for 27.18 P/E if the $0.48 EPS becomes a reality. After $0.49 actual earnings per share reported by TD Ameritrade Holding Corporation for the previous quarter, Wall Street now forecasts -2.04 % negative EPS growth.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) Ratings Coverage

Among 8 analysts covering TD Ameritrade Holdings (NASDAQ:AMTD), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. TD Ameritrade Holdings had 21 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of TD Ameritrade Holding Corporation (NASDAQ:AMTD) has “Outperform” rating given on Wednesday, October 7 by Wood. On Wednesday, January 13 the stock rating was upgraded by Bank of America to “Buy”. The stock has “Sell” rating by Citigroup on Wednesday, July 22. The firm has “Outperform” rating given on Wednesday, October 7 by Keefe Bruyette & Woods. The firm has “Buy” rating by Deutsche Bank given on Friday, January 8. The firm has “Neutral” rating by Citigroup given on Tuesday, January 12. The firm has “Market Perform” rating by Wells Fargo given on Monday, September 28. UBS maintained TD Ameritrade Holding Corporation (NASDAQ:AMTD) rating on Thursday, January 21. UBS has “Buy” rating and $37.0 target. The firm has “Buy” rating by Deutsche Bank given on Friday, September 18.

More news for TD Ameritrade Holding Corporation (NASDAQ:AMTD) were recently published by: Bloomberg.com, which released: “Fidelity, Schwab, TD Ameritrade, Wells Fargo Faced Glitches” on December 04, 2017. Nasdaq.com‘s article titled: “Harfst & Associates, Inc. Buys Barnes Group Inc, TD Ameritrade Holding Corp …” and published on November 07, 2017 is yet another important article.

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