Toronto Dominion Bank (TD) NewsBite - TD Upgraded By RBC Capital Markets

Posted: Monday, May 04, 2009 1:55 PM EDT

Toronto Dominion Bank (TD) was upgraded today by analysts at RBC Capital Markets and the stock is now at $40.84, up $0.85 (2.13%) on volume of 812,953 shares traded. The brokerage upped TD to Sector Perform from Underperform. Over the last 52 weeks the stock has ranged from a low of $25.86 to a high of $72.50. Toronto Dominion Bank stock has been showing support around $38.89 and resistance in the $40.73 range. Technical indicators for the stock are bullish 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 a June out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]

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