On Wednesday, Charles Schwab reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 78 the day before.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest price moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Charles Schwab is building a consolidation with a 79.49 entry. See if it can break out in heavy trade.
Charles Schwab saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -3% to 0%. Revenue rose from -2% to 2%.
The company earns the No. 22 rank among its peers in the Finance-Investment Banking/Brokers industry group. BGC Group Cl A, Jefferies Financial Group and LPL Financial Holdings are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
