[May 25, 2012] Charles Schwab (SCHW) Approaches New Upside Target of $12.89 Tweet May 25, 2012 (SmarTrend(R) News Watch via COMTEX) -- Charles Schwab (NASDAQ:SCHW) has opened bullishly above the pivot of $12.62 today and has reached the first level of resistance at $12.76. Analysts will be watching for a cross of the next upside pivot targets of $12.89 and $13.16. In the past 52 weeks, shares of Charles Schwab have traded between a low of $10.56 and a high of $18.01 and are now at $12.75, which is 21% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%. Charles Schwab has overhead space with shares priced $12.75, or 16.7% below the average consensus analyst price target of $15.31. The stock should hit resistance at its 50-day moving average (MA) of $13.95, as well as support at its 200-day MA of $12.59. 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 8.2%. 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 ]