On Friday, Charles Schwab received an upgrade to its Relative Strength (RS) Rating, from 67 to 71.
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves. See if Charles Schwab can continue to rebound and clear that threshold.
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Charles Schwab is trying to complete a consolidation with a 79.49 entry. See if the stock can break out in heavy volume.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 0%, compared to -3% in the prior report. Revenue increased from -2% to 2%.
Charles Schwab earns the No. 21 rank among its peers in the Finance-Investment Banking/Brokers industry group. LPL Financial Holdings, Stifel Financial and Freedom Holding are among the top 5 highly rated stocks within the group.
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