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Charles Schwab Bullish Moving Average Crossover Alert (SCHW)

By Amy Schwartz

Today, shares of Charles Schwab (NASDAQ:SCHW) have advanced above their 10-day MA of $30.87 on a volume of 1.5 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Charles Schwab have traded between a low of $21.51 and a high of $35.72 and are now at $31.12, which is 45% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Charles Schwab on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.06. Since that recommendation, shares of Charles Schwab have risen 13.4%. We continue to monitor SCHW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Charles Schwab

Ticker(s): SCHW