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prajagopal
8 Th08 2020 23:33

SCHW Double Bottom 

Charles Schwab Corporation (The)NYSE

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Picked up some SCHW at $33.14. Frankly, I do not have full conviction in this trade. The SMA are screaming a sell. But it seems like the stock hit double bottom and is trading near the lower price range on the Bollinger Bands.
On the fundamental side, there's a lot of competition in the brokerage industry but with $4 Trillion in assets SCHW may be a survivor.
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