MS's share price was up BIG again today on enormous volume -- more than double its average daily trading level. Apparently more investors and analysts are jumping into the BULLISH camp for this stock after yesterday's favorable 4Q10 earnings report. For example, S&P just raised its rating on the shares to "buy" from "hold". It also wouldn't surprise me to see funds being moved out of GS stock into MS equity. The new price target I'm observing most frequently for MS shares is $35, which I expect will be achieved by mid-2011.
I do like the technicals on this stock right now. I would suggest is gets a boost, running up into the mid 40 before settling back to the mid 30's. It's wound like a spring before the break out point, ready to move fast.
Today's big volume could have been a lot of the poor shorts trying to get out as long as they can cheaply.