Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Morgan Stanley's stock (MS) rose in the intraday levels, scoring a profit of 0.82% in the last session, or 0.44 points, after leaning on the support of the 50-day SMA, lending it some positive momentum, amid the dominance of the main upward short-term trend, countered with negative signals from the Relative Strength Index.
Therefore we expect more gains for the stock, as long as it settles above 54.25, targeting the pivotal resistance of 59.38.