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

By Shiri Gupta

Today, shares of Schwab (Charles) (NASDAQ:SCHW) have fallen below their 10-day MA of $39.68 on a volume of 911K shares. This may provide swing traders with an opportunity 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 $44.10 and a 52-week low of $23.82 and are now trading 66% above that low price at $39.53 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.1%.

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