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Shares of Morgan Stanley Has Risen Above Previous 52-Week High

By James Quinn

Shares of Morgan Stanley (NYSE:MS) traded today at $58.82, breaking its 52-week high. This new high was reached on below average trading volume as 1.2 million shares traded hands, while the average 30-day volume is approximately 15.4 million shares.

Potential upside of 3.3% exists for Morgan Stanley, based on a current level of $58.71 and analysts' average consensus price target of $60.66. Morgan Stanley shares have support at the 200-day moving average (MA) of $30.57 and additional support at the 50-day MA of $25.74.

Morgan Stanley, a bank holding company, provides diversified financial services on a worldwide basis. The Company operates a global securities business which serves individual and institutional investors and investment banking clients. Morgan Stanley also operates a global asset management business.

Morgan Stanley share prices have moved between a 52-week high of $58.82 and a 52-week low of $23.11 and are now trading 154% above that low price at $58.71 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 February 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.65. Since that recommendation, shares of Morgan Stanley have risen 5.4%. We continue to monitor MS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Morgan Stanley

Ticker(s): MS