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This Bank Stock Has Been on a Tear

·1 min read
This Bank Stock Has Been on a Tear

This morning we saw some very good power in the markets, and the financials won't be denied. Morgan Stanley has zoomed up to the 200 ma with some good price action. Technically the stock is at a crossroads - how will it respond to this resistance? The onus is now on the bulls to make a break higher, and the indicators may support it.