Morgan Stanley(MS) is in an downtrend

(23-May-2008) (23-May-2008) Morgan Stanley(MS) closed at 42.77, up 0.53 or 1.25 % for the day. Based on our analysis, Morgan Stanley(MS) is in an downtrend.

The closing price of Morgan Stanley(MS) is below its 50 day moving average of 46.73 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Morgan Stanley(MS) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 7-May-2008, about 16 trading days ago.