Charles Schwab Unusual Options Activity For July 14
Portfolio Pulse from Benzinga Insights
A significant amount of bearish options activity has been detected for Charles Schwab (NYSE:SCHW), with 66% of investors opening trades with bearish expectations. The targeted price range for Charles Schwab over the last 3 months is $55.0 to $65.0. The current price of SCHW is $59.9, down -0.05%. RSI indicators suggest the stock may be overbought. Next earnings are expected in 4 days. Analysts' price targets range from $60 to $73.
July 14, 2023 | 2:16 pm
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Bearish options activity has been detected for Charles Schwab (NYSE:SCHW). The stock may be overbought according to RSI indicators. Analysts' price targets range from $60 to $73.
The bearish options activity, combined with the RSI indicators suggesting the stock may be overbought, could lead to a short-term decrease in the stock price. However, the analysts' price targets suggest a potential for growth in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100