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Technicals Start To Show Signs Of A Shift In The Financials
January 21, 2009
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Morgan Stanley (NYSE:MS), while hardly your typical market leader, is also showing some relative strength. It is holding well above its November lows, even after yesterday's 16% drop. While MS appears to be headed lower, the key here is that it is showing a positive divergence from its peers, and may outperform when the sector turns around.
Source: StockCharts.com
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http://community.investopedia.com/news/cadvisor/cotd/archive/XLF20090120.aspx?partner=YahooSA
MS $16.13 +23.13%
01/21/2009 2:56PM ET
January 21, 2009
...
Morgan Stanley (NYSE:MS), while hardly your typical market leader, is also showing some relative strength. It is holding well above its November lows, even after yesterday's 16% drop. While MS appears to be headed lower, the key here is that it is showing a positive divergence from its peers, and may outperform when the sector turns around.
......
http://community.investopedia.com/news/cadvisor/cotd/archive/XLF20090120.aspx?partner=YahooSA
MS $16.13 +23.13%
01/21/2009 2:56PM ET