Watch for Continued Gains in Shares of Charles Schwab (SCHW)

Published on Tue, 05/05/2015 - 14:38
By Robert Cotter in 52 Week high-lows, schw, 52 week high/lows, charles schwab, nasdaq:schw

Charles Schwab (NASDAQ:SCHW) traded today at a new 52-week high of $31.84. Approximately 6 million shares have changed hands today, as compared to an average 30-day volume of 6.7 million shares.

Charles Schwab (NASDAQ:SCHW) has potential upside of 4.8% based on a current price of $31.59 and analysts' consensus price target of $33.11. The stock should find initial support at its 50-day moving average (MA) of $30.25 and further support at its 200-day MA of $28.84.

Charles Schwab share prices have moved between a 52-week high of $31.84 and a 52-week low of $23.35 and are now trading 35% above that low price at $31.59 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.

The Charles Schwab Corporation provides a variety of financial services to individual investors, independent investment managers, retirement plans, and institutions. The Company provides its clients with securities brokerage, banking, and related financial services through offices in the United States, Puerto Rico, and the United Kingdom.

By Robert Cotter
rcotter@fnno.com

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