Bullish DailyPlay for Tuesday August 9th, 2016 – Morgan Stanley (MS)
The bullish DailyPlay we chose for Tuesday August 9th is Morgan Stanley (MS). MS is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 4.93% move higher and it’s 1m and 6m trend turned bullish on 8/3 and recently broke higher above its $24 resistance level.
Morgan Stanley’s 1m and 6m trends turned bullish on 7/12 and recently bounced higher above its $28 support level. With a technical score of 7 (out of 10), MS looks positioned to continue this strong bullish trend higher.