Energy Building: MS Consolidates Tightly at $201.03
Shares of Morgan Stanley (MS) rose 0.26% to $201.03 on May 26.
Key indicators suggest a bullish bias:
Moving Averages
Price trades above the 9-day EMA ($195.76) with a bullish stack. The 21-day EMA at $191.93 provides support.
Momentum
RSI at 67.8 is neutral but improving. MACD reads 4.32 against its 4.12 signal line (bullish).
Volatility
A 13-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
The bullish trend is intact, but overbought momentum readings suggest waiting for a pullback.
Traders are watching $184.87 on the downside and $199.80 on the upside.
