The Relative Strength (RS) Rating for Charles Schwab entered a new percentile Thursday, as it got a lift from 67 to 74.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating of over 80 as they begin their biggest price moves. See if Charles Schwab can continue to show renewed price strength and clear that threshold.
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Charles Schwab is working on a consolidation with a 79.49 entry. See if the stock can clear the breakout price in heavy trading.
The company 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 holds the No. 23 rank among its peers in the Finance-Investment Banking/Brokers industry group. BGC Group Cl A, Jefferies Financial Group and Lazard are among the top 5 highly rated stocks within the group.
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