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Schwab (Charles) (SCHW) Crosses Pivot Point Resistance at $43.19

By David Diaz

Shares of Schwab (Charles) (NYSE:SCHW) opened today above their pivot of $42.97 and have already reached the first level of resistance at $43.19. Should the shares continue to rise, the resistance pivots of $43.63 and $44.29 will be of interest.

In the past 52 weeks, Schwab (Charles) share prices have been bracketed by a low of $37.83 and a high of $60.22 and are now at $43.22, 14% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 0.33% lower over the past week, respectively.

Schwab (Charles) (NYSE:SCHW) has potential upside of 40.3% based on a current price of $43.22 and analysts' consensus price target of $60.62. The stock should run into initial resistance at its 50-day moving average (MA) of $44.66 and subsequent resistance at its 200-day MA of $46.41.

SmarTrend is monitoring the recent change of momentum in Schwab (Charles). Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Schwab (Charles) in search of a potential trend change.

Keywords: pivot alerts schwab (charles)

Ticker(s): SCHW