On Monday, Charles Schwab got an upgrade to its Relative Strength (RS) Rating, from 68 to 79.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating tracks price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Charles Schwab can continue to show renewed price strength and clear that threshold.
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Charles Schwab is working on a cup with handle with an 86.73 entry. It does seem to have stalled in breaking through the handle area, however. See if the stock can break out in volume at least 40% above average.
Earnings growth declined in the most recent quarter from 31% to 24%. But sales moved higher, from 26% to 30%.
Charles Schwab holds the No. 3 rank among its peers in the Finance-Investment Banking/Brokers industry group. LPL Financial Holdings and Ameriprise Financial are also among the group's highest-rated stocks.
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