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After Yesterday's Decline of 1.41%, Schwab (Charles) Offers Investors Better Value

By David Diaz

Schwab (Charles) (NYSE:SCHW) traded in a range yesterday that spanned from a low of $48.61 to a high of $49.10. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $49.19 on volume of 596,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Schwab (Charles) has traded in a range of $34.58 to $50.97 and is now at $48.87, 41% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

Keywords: rebounders schwab (charles)

Ticker(s): SCHW