Tuesday, April 29, 2008

Charles Schwab Corp.(SCHW) has rising momentum with an uptrend

(28-Apr-2008) (28-Apr-2008) Charles Schwab Corp.(SCHW) closed at 22.18, up 0.24 or 1.09 % for the day. Based on our analysis, Charles Schwab Corp.(SCHW) has rising momentum with an uptrend.

The closing price of Charles Schwab Corp.(SCHW) is above its 50 day moving average of 19.84 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Charles Schwab Corp.(SCHW) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 15-Apr-2008, about 11 trading days ago.

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