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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