On Wednesday, Charles Schwab got a positive adjustment to its Relative Strength (RS) Rating, from 76 to 81.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their biggest runs.
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Charles Schwab is building a cup without handle with an 83.35 entry. See if it can break out in volume at least 40% above average.
In terms of fundamentals, Charles Schwab has posted four quarters of accelerating earnings growth. Revenue gains have also increased during the same period.
The company holds the No. 21 rank among its peers in the Finance-Investment Banking/Brokers industry group. LPL Financial Holdings, Robinhood Markets and Interactive Brokers are among the top 5 highly rated stocks within the group.
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