Bearish H&S Chart Pattern Is Formed By The Toronto-Dominion Bank (TD) at $59.00

May 16, 2018 - By Loretta Love

The Toronto-Dominion Bank (NYSE:TD) Corporate Logo

The Toronto-Dominion Bank (TD) formed a Head and Shoulders technical pattern today and has $56.64 target or 4.00 % below today’s $59.00 share price. The technical pattern shows high risk. On May, 16 the Head and Shoulders technical pattern was announced by Faxor.com. $4.33B less could be TD valuation at $56.64 share price.

Ticker’s shares touched $59 during the last trading session after 0.67% change.The Toronto-Dominion Bank has volume of 451,671 shares. Since May 16, 2017 TD has risen 15.54% and is uptrending. The stock outperformed the S&P500 by 3.99%.

The Toronto-Dominion Bank (NYSE:TD)’s earnings report is awaited on May, 24 before the open., Zacks reports. Analysts forecast $1.16 EPS, which is $0.16 up or 16.00 % from 2017’s $1 EPS. The profit will be $2.13B for TD if $1.16 EPS becomes true. After $1.23 EPS was revealed previous quarter, analysts now see negative EPS growth of -5.69 % for The Toronto-Dominion Bank.

For more The Toronto-Dominion Bank (NYSE:TD) news published briefly go to: Streetinsider.com, Fool.ca, Fool.ca, Fool.ca or Fool.ca. The titles are as follows: “Viking Global’s 13F Shows New Stakes in Alibaba (BABA), BioMarin (BMRN) and Western Digital (WDC), Increase in …” published on May 15, 2018, “Toronto-Dominion Bank: Time to Buy This Top Canadian Dividend Stock?” on April 18, 2018, “3 Dividend Stocks Yielding up to 8% That Can Diversify Your Portfolio” with a publish date: May 11, 2018, “3 Dividend Stocks I’d Buy Right Now” and the last “2 Top Canadian Dividend Stocks to Start Your TFSA Retirement Plan” with publication date: May 14, 2018.

The Toronto-Dominion Bank (NYSE:TD) Analyst Ratings Chart

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