• Return to Headlines

Charles Schwab (SCHW) Approaches New Downside Target of $41.93

By David Diaz

Charles Schwab (NASDAQ:SCHW) has opened bearishly below the pivot of $42.40 today and has reached the first level of support at $42.20. Investors may be interested in a cross of the next downside pivot targets of $41.93 and $41.46.

In the past 52 weeks, Charles Schwab share prices have been bracketed by a low of $21.51 and a high of $43.65 and are now at $42.28, 97% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.1%.

There is potential upside of 7.6% for shares of Charles Schwab based on a current price of $42.28 and an average consensus analyst price target of $45.50. The stock should find initial support at its 200-day moving average (MA) of $29.65 and further support at its 50-day MA of $27.81.

SmarTrend recommended that subscribers consider buying shares of Charles Schwab on April 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.03. Since that recommendation, shares of Charles Schwab have risen 6.1%. We continue to monitor SCHW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts Charles Schwab

Ticker(s): SCHW