• Return to Headlines

Watch for Schwab (Charles) to Potentially Rebound After Falling 3.93% Yesterday

By James Quinn

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.

Schwab (Charles) share prices have moved between a 52-week high of $60.22 and the current low of $41.21 and are currently at $41.32 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.9%.

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.

Keywords: rebounders schwab (charles)

Ticker(s): SCHW