Charles Schwab had its Relative Strength (RS) Rating upgraded from 79 to 83 Friday.
This proprietary rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
History shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Charles Schwab is in a buying range after moving past a 79.49 buy point in a consolidation. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
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.
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