Markets

Stocks Flashing Renewed Technical Strength: Morgan Stanley

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On Friday, Morgan Stanley ( MS ) hit a noteworthy performance benchmark, seeing its Relative Strength ( RS ) Rating jump into the 80-plus percentile with an improvement to 81, up from 78 the day before.

[ibd-display-video id=2368044 width=50 float=left autostart=true] This unique rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.

Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

Morgan Stanley is in a buy range after moving past a 48.59 buy point in a cup with handle . Once a stock moves 5% or higher beyond the initial entry, it's considered out of buy range.

Morgan Stanley showed 16% EPS growth in the latest quarterly report. Revenue increased 12%.

Morgan Stanley earns the No. 3 rank among its peers in the Banks-Money Centers industry group. Bank Of America ( BAC ) is the top-ranked stock within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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