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Check Out This Key Level Morgan Stanley Is Holding: Technical Analysis
David Russell
April 5, 2021

Financials are the second-best performing sector in 2021. Now one of the biggest names has pulled back to hold some key levels: Morgan Stanley (MS).

MS dipped on the Archegos implosion last week, but reportedly faces no significant losses.

That brought MS down to its 50-day simple moving. It tested below that line on March 29 but has managed to close above it each day.

For more, please click here to view the related idea and chart analysis on TradingView.

Morgan Stanley (MS), daily chart, with key patterns, courtesy of TradingView.
Tags: MS

About the author

David Russell is Global Head of Market Strategy at TradeStation. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.