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

By James Quinn

Schwab (Charles) (NYSE:SCHW) shares have crossed bullishly above their 10-day moving average of $44.56 on a volume of 1.2 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 Schwab (Charles) have traded between a low of $37.83 and a high of $60.22 and are now at $45.30, which is 20% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.5%.

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