MSCI has been a good preforming stock over the last few months. It broke the 2010 high ($40.79) in late 2013 but retested this zone three times before beginning its latest trend up.
It was not until the break of the 2014 high (in early 2015) that it became of interest - which coincided with a break above the $50 half figure. The March pullback (to the 50sma) was not too deep and now we see price moving higher and further away from this moving average.
More recently we saw a double bottom formation on the daily chart (using $60 as support) then, two days ago, a bullish breakout bar. Both suggest further strength to the upside. However, with earnings due out on Thursday it is worth standing aside until after this event before considering a buy position.
It was not until the break of the 2014 high (in early 2015) that it became of interest - which coincided with a break above the $50 half figure. The March pullback (to the 50sma) was not too deep and now we see price moving higher and further away from this moving average.
More recently we saw a double bottom formation on the daily chart (using $60 as support) then, two days ago, a bullish breakout bar. Both suggest further strength to the upside. However, with earnings due out on Thursday it is worth standing aside until after this event before considering a buy position.