Chart of the Day: Morgan Stanley Buyers Stay in Control Ahead of Earnings
The big brokerage stands out as it picked up even more buyers as the new year got underway.
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Morgan Stanley (MS) is simply a steady mover, with higher highs and higher lows that has recently taken the stock up to all-time highs. That level was initially reached back in February 2025 and after a quick dip the stock got right back on track and pushed to highs in June. Since then, MA has been on a spectacular run and recently moved above our target of $185.
Not only is the price chart bullish but so are the indicators, with a bullish signal on the moving average convergence divergence (MACD), very strong momentum in the stochastics and the ADX trending higher. This indicator does not tell direction, rather the strength of the trend. It is up, and it is strong! The parabolic stop and reverse system (SAR) remains bullish too, so this will provide good support.
We may see the MS chart as overbought here as the bulls recently pushed the stock higher, ironically just before release of its earnings next week (Jan. 15). I wouldn't worry about it, though, stock buyers have shown some conviction with solid volume trends, and if anything a dip after earnings might be another buying opportunity.
We like Morgan Stanley in TheStreet Pro Portfolio and rate it a Two, or "stockpile on pullbacks."
At the time of publication, TheStreet Pro Portfolio was long MS.
