Charles Schwab's most recent trend suggests a bullish bias. One trading opportunity on Charles Schwab is a Bull Put Spread using a strike $84.00 short put and a strike $79.00 long put offers a potential 20.48% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $84.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock dropped below the $79.00 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Charles Schwab is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Charles Schwab is bullish.
The RSI indicator is at 69.64 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Charles Schwab
The Charles Schwab Corporation (SCHW) Outpaces Stock Market Gains: What You Should Know
Mon, 03 Jan 2022 23:15:11 +0000
In the latest trading session, The Charles Schwab Corporation (SCHW) closed at $85.76, marking a +1.97% move from the previous day.
Morgan Stanley (MS) to Pay $60M Penalty Over Data Breach Suit
Mon, 03 Jan 2022 20:24:08 +0000
Morgan Stanley (MS) to cough up $60 million to resolve data security lawsuit filed by consumers as the bank had allegedly failed twice in retiring obsolete technology.
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