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Charles Schwab Crosses Above its 10-day MA (SCHW)

By James Quinn

Today, shares of Charles Schwab (NASDAQ:SCHW) have advanced above their 10-day MA of $32.09 on a volume of 3.3 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Charles Schwab share prices have been bracketed by a low of $21.51 and a high of $35.72 and are now at $32.26, 50% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 0.5%.

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 17.1%. 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