American Stocks Analysis

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 stalls - Analysis - 16-05-2018

Economies.com
2018-05-16 12:51PM UTC

Morgan Stanley's stock (MS) fell in the intraday levels, registering a loss of 0.67% in the last session, or 0.37 points, as traders collect recent short-term profits, while the stock stock gathers momentum to help it rise anew and vent off overbought saturation in the RSI, amid positive support from the 50-day SMA, coupled with the dominance of the main upward short-term trend. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 59.38, as long as it settles above 54.25. 

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