• Return to Headlines

Look for Shares of Schwab (Charles) to Potentially Pullback after Yesterday's 1.21% Rise

By Amy Schwartz

Schwab (Charles) (NYSE:SCHW) traded in a range yesterday that spanned from a low of $58.72 to a high of $59.78. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $59.75 on volume of 3.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Schwab (Charles) have traded between a low of $23.82 and a high of $59.94 and are now at $59.60, which is 150% above that low price. The 200-day and 50-day moving averages have moved 0.46% lower and 1.10% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Schwab (Charles) on April 20th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.50. Since that recommendation, shares of Schwab (Charles) have risen 8.0%. We continue to monitor SCHW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders schwab (charles)

Ticker(s): SCHW