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) 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.