Monday, October 13, 2008

Morgan Stanley Surged 82.85%, Leading Financial Sector.

Boosted by the $9 Billion capital injection from Mitsubishi UFJ, Morgan Stanley (NYSE: MS) surged more than 82% or $8.07 to $17.75. Along with Goldman Sache's 25% gain leading the entire Financial Sector to become the major force or today's stock market soar.

The chart is showing short term momentum, however, $24 area will show significant resistance, traders can still ride the momentum for a few quick bucks from now.

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