Charles Schwab (SCHW), through its subsidiaries, provides securities brokerage, banking, money management and financial advisory services. This stock closed up 3.2% at $27.58 in Wednesday's trading session.
Wednesday's Volume: 18.77 million
Three-Month Average Volume: 6.82 million
Volume % Change: 171%
Three-Month Average Volume: 180,082
Volume % Change: 150% From a technical perspective, CLMS ripped sharply higher here right off some near-term support at $12.75 with above-average volume. This move is quickly pushing shares of CLMS within range of triggering a major breakout trade. That trade will hit if CLMS manages to take out Wednesday's high of $13.47 to its 52-week high at $13.69 with high volume. Traders should now look for long-biased trades in CLMS as long as it's trending above Wednesday's low of $12.82 or above some more near-term support at $12.42 and then once it sustains a move or close above those breakout levels with volume that's near or above 180,082 shares. If that breakout kicks off soon, then CLMS will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $17 to $20.
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