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Schwab (Charles) Set to Possibly Rebound After Yesterday's Selloff of 1.41%

By Shiri Gupta

Schwab (Charles) (NYSE:SCHW) traded in a range yesterday that spanned from a low of $48.61 to a high of $49.10. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $49.19 on volume of 596,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Schwab (Charles) share prices have moved between a 52-week high of $50.97 and a 52-week low of $34.58 and are now trading 41% above that low price at $48.87 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

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