Morgan Stanley currently sits in 6th place in the SIA S&P 100 Index Report near the top of the Green Favored Zone. MS had been building a consolidating range between $60 and $65 over the last month before its breakout out of this channel yesterday.
Next potential resistance on trend appears around $70. Support is at the bottom of this consolidation around $62 and at $56 from past highs earlier this year.
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