Morgan Stanley(MS) is in an downtrend but momentum is showing some life

(28-Feb-2008) (28-Feb-2008) Morgan Stanley(MS) closed at 45.88, up 0.95 or 2.11 % for the day. Based on our analysis, Morgan Stanley(MS) is in an downtrend but momentum is showing some life.

The closing price of Morgan Stanley(MS) is below its 50 day moving average of 47.83 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Morgan Stanley(MS) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 22-Feb-2008, about 5 trading days ago.