[May 23, 2012] Downgrade Alert for Charles Schwab (SCHW) Tweet May 23, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Charles Schwab (NASDAQ:SCHW) was downgraded from Market Perform to Underperform at Raymond James today. The stock closed yesterday at $12.73 on volume of 13.4 million shares, above average daily volume of 11.4 million. Potential upside of 20.3% exists for Charles Schwab, based on a current level of $12.73 and analysts' average consensus price target of $15.31. Charles Schwab shares should encounter resistance at the 50-day moving average (MA) of $14.03 and support at its 200-day MA of $12.59. The Charles Schwab Corporation provides a variety of financial services to individual investors, independent investment managers, retirement plans, and institutions. The Company provides its clients with securities brokerage, banking, and related financial services through offices in the United States, Puerto Rico, and the United Kingdom. Charles Schwab share prices have moved between a 52-week high of $18.01 and a 52-week low of $10.56 and closed yesterday at 21% above that low price at $12.73 per share. The 200-day and 50-day moving averages have moved 0.2% lower and 0.63% lower over the past week, respectively. SmarTrend recommended that its subscribers protect gains by selling shares of Charles Schwab on April 23rd, 2012 by issuing a Downtrend alert when the shares were trading at $13.76. Since that call, shares of Charles Schwab have fallen 7.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]