• Return to Headlines

Schwab (Charles) Set to Possibly Pullback After Yesterday's Rally of 1.70%

By Nick Russo

Schwab (Charles) (NYSE:SCHW) traded in a range yesterday that spanned from a low of $50.59 to a high of $51.56. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $51.24 on volume of 1.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Schwab (Charles) share prices have moved between a 52-week high of $60.22 and a 52-week low of $38.20 and are now trading 34% above that low price at $51.27 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

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.

Keywords: rebounders schwab (charles)

Ticker(s): SCHW