Charles Schwab Corporation (SCHW) On Verge of a Breakout

Though it hasn't quite panned out yet, shares of Charles Schwab Corporation (SCHW) are on the verge of a trade-worthy breakout.

Currently at $19.40 and coming off of lows around $17.30, the stock is making yet-another move towards $19.94 where it has topped out three times since July. Given that Charles Schwab Corporation has been making modestly higher highs the whole time though, odds are good that - eventually - SCHW will punch through the ceiling.

At a price of $20 or so, Schwab is ideally priced for a call option trade. This is a case where a longer-term option may make more sense, as the pattern has been setting the stock up for months; any subsequent move could also last for months.