Toronto Dominion Bank (TD) NewsBite - TD Hits 52-Week Low

Posted: Tuesday, February 17, 2009 2:32 PM EDT

Toronto Dominion Bank (NYSE: TD) hit a new 52-Week low of $27.88 so far today. Currently the stock is down $1.86 (-6.18%) to $28.25 on 1,035,226 shares traded. Today's low is down $44.25 from a 52-Week high of $72.50. Toronto Dominion Bank stock has been showing support around $29.48 and resistance in the $31.16 range. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for TD. If you are looking for a hedged play on TD the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]

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