Morgan Stanley dips on profit-taking - Analysis - 21-07-2017

Morgan Stanley's stock (MS) fell in the intraday levels, recording a loss of 0.24% in the last session, or 0.11 points, as traders collected recent profits, while the stock gathers momentum to help it rise anew and tackle the pivotal resistance of 47.33, amid positive support from the 50-day SMA, with positive signals from relative power indicators, coupled with the dominance of the main upward trend in the medium and short terms. 

Therefore we expect the stock to return higher, targeting the resistance of 47.33.