Technical Analysis: The Stock Chart for the investment bank shows a clear volume increase over the past year. It briefly dropped below the SMA in early August but has since came back above proving to be solid support. This is where you begin to see a with a bullish trend forming. It appears to be testing resistance at the 50 SMA ($14.50) after breaking out of the Bollinger Band and returning to it as support.
We'll see where the stock chart technicals go next over the next few days but expect some major movement if we see it break above the 50 SMA.
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