Morgan Stanley returns lower - Analysis - 16-04-2018

Morgan Stanley's stock (MS) returned lower in the intraday levels, registering a loss of 1.62% in the last session, or 0.87 points, after touching the resistance of the 50-day SMA, leaning back on the main upward short-term trend line, with positive signals from the RSI. 

Therefore we expect the stock to return higher, targeting the resistance of 58.04, as long as the support of 51.51 holds on.