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EchoAlphaBravo
Mar 30, 2018 6:52 PM

Bullish setup for TD Long

Toronto Dominion Bank (The)NYSE

Description

Shares of TD appear to be pulling back to test a breakout level at ~$53.50, which coincides with a rising channel bottom. I'm a buyer at that level and will be targeting ~$66 on the upside, or +23% from here. In a rising rate environment and given the technical setup, I expect shares to outperform over the next several months.
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