Goldman Sachs Vs. Morgan Stanley: A Technical Analysis

Sometimes stocks that are in the same industry have charts that look similar. That’s the case with investment bankers The Goldman Sachs Group, Inc. GS and Morgan Stanley MS. Each of them is trading above critical levels.

The $348.50 level is important for Goldman. It was resistance in March and then it became support in June.

If the stock heads lower, there’s a good chance it finds support around this level again.

For Morgan Stanley, the important level is $76.50. It was resistance in January, then it became support in March and April.

If the stock heads south, there’s a good chance it finds support around $76.50.