The Relative Strength (RS) Rating for Charles Schwab stock entered a new percentile Friday, with a rise from 76 to 81.
This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
History reveals that the market's biggest winners often have an 80 or better RS Rating as they begin their biggest price moves.
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Is Charles Schwab Stock A Buy?
Charles Schwab stock is in a buy range after climbing above a 69.03 entry in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.
The financial services company posted -36% earnings growth in its most recent report. Sales increased 0%. The next quarterly results are expected on or around Apr. 15.
Charles Schwab stock holds the No. 18 rank among its peers in the Finance-Investment Banking/Brokers industry group. Interactive Brokers, XP and Robinhood Markets are among the top 5 highly rated stocks within the group.
