Long Position on AMTD @ $60.00 on 5/9/2018 (Momentum)

upward trading channel on $AMTDTD Ameritrade Holding Corporation (AMTDprovides securities brokerage and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States.

Its products and services include tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform for investors and traders to identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts.

The company also offers TD Ameritrade Institutional that provides brokerage and custody services to approximately 6,000 independent RIAs and their clients; TD Ameritrade Education, which allows investor education for stocks, options, income investing, and portfolio management; TD Ameritrade's Goal Planning that offers investment consulting and planning services; Selective Portfolios, an advisory service, which develops portfolios of exchange-traded funds (ETFs) and mutual funds; AdvisorDirect, a national referral service for investors; TD Ameritrade Singapore Pte. Ltd. that enables retail investors in Singapore to trade the U.S. markets; and TD Ameritrade Corporate Services, which provide self-directed brokerage services to employees of corporations.

In addition, it offers various retail brokerage products and services, such as common and preferred stocks; ETFs; options; futures; foreign exchange; mutual funds; fixed income products; primary and secondary offerings of fixed income securities, closed-end funds, and preferred stocks; margin lending; cash management services; and annuities. The company provides its services primarily through the Internet, a network of retail branches, mobile trading applications, interactive voice response, and registered representatives through telephone. 

Shares are heading higher in an upward trading channel. Presently, shares are in the lower part of the trading channel. Shares just moved above their 50-day moving average (shown in brown). Higher share prices are expected for this stock.

 

52-Weeks Trading Range: $36.12 to $63.00

Entry Point: $60.00

Stop Loss: $57.00

Target Price: $66.00

Updates

8/8/2018 2:56:52 PM

AMTD closed at $59.00

Position closed on 8/8/2018 at price of $59.00 with a -1.67% loss in 91 days.

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