The Relative Strength (RS) Rating for Charles Schwab entered a new percentile Monday, with a rise from 72 to 82.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.
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While Charles Schwab is not near an ideal entry right now, see if it manages to form and break out from a proper base.
In terms of fundamentals, Charles Schwab has posted four quarters of accelerating earnings growth. Revenue gains have also moved higher during the same period.
Charles Schwab holds the No. 14 rank among its peers in the Finance-Investment Banking/Brokers industry group. Futu Holdings ADR, LPL Financial Holdings and StoneX Group are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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