The Relative Strength (RS) Rating for Charles Schwab climbed into a new percentile Thursday, with a rise from 77 to 85.
IBD's proprietary RS Rating measures market leadership 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 that of all other stocks.
Decades of market research reveals that the market's biggest winners typically have an 80 or better RS Rating as they begin their biggest price moves.
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Charles Schwab is trying to complete a double bottom with an 81.24 entry. See if it can clear the breakout price in volume at least 40% above average.
In terms of top and bottom line numbers, the company has posted four quarters of accelerating earnings growth. Revenue gains have also risen during the same period. Charles Schwab is expected to report its next quarterly numbers on or around Apr. 17.
Charles Schwab earns the No. 13 rank among its peers in the Finance-Investment Banking/Brokers industry group. Futu Holdings ADR, LPL Financial Holdings and StoneX Group are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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