On Friday, Charles Schwab earned an upgrade to its Relative Strength (RS) Rating, from 80 to 85.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 as they begin their biggest runs.
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Charles Schwab is still within a buy range after climbing above an 83.35 entry in a flat base. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity.
In terms of top and bottom line numbers, Charles Schwab has posted four quarters of rising earnings growth. Sales growth has also moved higher over the same time frame.
Charles Schwab earns the No. 16 rank among its peers in the Finance-Investment Banking/Brokers industry group. Interactive Brokers, LPL Financial Holdings and Futu Holdings ADR are among the top 5 highly rated stocks within the group.
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