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

By James Quinn

Today, shares of Schwab (Charles) (NYSE:SCHW) have crossed bullishly above their 10-day moving average of $37.32 on a volume of 717K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Schwab (Charles) share prices have moved between a 52-week high of $52.70 and a 52-week low of $36.01 and are now trading 4% above that low price at $37.47 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Schwab (Charles) on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $40.94. Since that call, shares of Schwab (Charles) have fallen 9.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses schwab (charles)

Ticker(s): SCHW