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Schwab (Charles) Falls 3.93% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Schwab (Charles) (NYSE:SCHW) traded in a range yesterday that spanned from a low of $41.21 to a high of $42.16. Yesterday, the shares fell 3.9%, which took the trading range below the 3-day low of $42.74 on volume of 5.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Schwab (Charles) on November 19th, 2018 by issuing a Downtrend alert when the shares were trading at $46.13. Since that call, shares of Schwab (Charles) have fallen 6.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Schwab (Charles) have traded between the current low of $41.21 and a high of $60.22 and are now at $41.32. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has slid 0.2%.

Keywords: rebounders schwab (charles)

Ticker(s): SCHW