Stock Of The Day: Charles Schwab About To Rally? When The Stock Falls To This Price, A Move Higher Follows
Portfolio Pulse from Mark Putrino
Charles Schwab Corporation (NYSE:SCHW) is nearing a support level at $62, which has historically led to a rally. Stocks often rebound when they hit support levels due to increased demand. If SCHW reaches $62, a price reversal and rally are likely.
August 22, 2024 | 4:19 pm
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Charles Schwab (SCHW) is nearing a support level at $62, which has historically led to a rally. If the stock hits this level, a price reversal and upward trend are likely due to increased demand.
The article highlights that SCHW has a well-defined support level at $62. Historically, when the stock reaches this level, it tends to rally due to increased demand. This pattern suggests a likely short-term price increase if the stock hits $62 again.
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