IBM's stock rose 1.07% in the last session, confirming the breach of the descending price channel that guided recent short-term trading, while buoyed by positive support from the 50-day SMA, with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 137.04, as long as the support of 132.47 holds on.
Expected trend for today: Bullish
Pfizer's stock kept rising after piercing the downward short-term trend line, with positive signals from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 43.70, as long as the support of 41.63 holds on.
Expected trend for today: Bullish
Adobe's stock kept rising in the short term while shaking off negative pressure from the 50-day SMA, scoring a profit of 0.78%, amid the dominance of the upward short-term trend, with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 291.69, as long as the support of 277.0 holds on.
Expected trend for today: Bullish
Morgan Stanley's stock surged 1.38% amid continued negative pressure from the 50-day SMA while the RSI reached overbought levels compared to the stock's movements, while hurt by exiting an ascending price channel in the short term.
Therefore we expect the stock to return lower, especially if it settled back below 42.80, targeting the support of 40.10.
Expected trend for today: Bearish