SCHW pops to highest close since March 22nd
SCHW ended Monday at 53.08 surging $2.04 (4.0%) on high volume. This is the biggest single day gain in over four months. Today's closing price of 53.08 marks the highest close since March 22nd. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Friday's high at 52.60, the share confirms its breakout through the prior session's high having traded $0.59 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Monday's trading range was $1.39 (2.67%), that's slightly below last trading month's daily average range of $1.57. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.
Breaking through the key resistance level at 52.74 today, it is now likely to act as support going forward.
The stock shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish. The market managed to break above the 100-day moving average at 52.27 today for the first time since April 4th.
Even though both sentiments are bullish for the next trading day, our quantitative statistics are only bullish while the classical technical analysis metrics show a very bullish sentiment.
Report Market Conditions
|Price broke through Technical Resistance R1||TQ Pro Members Only|
|Bullish Break through SMA 100||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
|Up Close near high of period||TQ Pro Members Only|
|Strong Up Move||TQ Pro Members Only|
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