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Bearish Moving Average Cross by Schwab (Charles) (SCHW)

By James Quinn

Today, shares of Schwab (Charles) (NYSE:SCHW) have crossed bearishly below their 10-day moving average of $45.22 on a volume of 441K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Schwab (Charles) share prices have moved between a 52-week high of $60.22 and a 52-week low of $37.83 and are now trading 19% above that low price at $44.89 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Schwab (Charles) and will alert subscribers who have SCHW in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses schwab (charles)

Ticker(s): SCHW