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SmarTrend Watching for Potential Pullback in Shares of Schwab (Charles) After 1.70% Gain

By David Diaz

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.

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.

In the past 52 weeks, Schwab (Charles) share prices have been bracketed by a low of $38.20 and a high of $60.22 and are now at $51.27, 34% above that low price. The 200-day and 50-day moving averages have moved 0.18% higher and 0.06% lower over the past week, respectively.

Keywords: rebounders schwab (charles)

Ticker(s): SCHW