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Morgan Stanley Bearish Moving Average Crossover Alert (MS)

By Amy Schwartz

Morgan Stanley (NYSE:MS) shares have crossed bearishly below their 10-day moving average of $31.73 on a volume of 1.5 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Morgan Stanley share prices have moved between a 52-week high of $41.04 and a 52-week low of $21.16 and are now trading 48% above that low price at $31.37 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 0.9%.

SmarTrend recommended that subscribers consider buying shares of Morgan Stanley on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.87. Since that recommendation, shares of Morgan Stanley have risen 14.5%. We continue to monitor MS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Morgan Stanley

Ticker(s): MS