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After Yesterday's Decline of 3.95%, Morgan Stanley Offers Investors Better Value

By Amy Schwartz

Morgan Stanley (NYSE:MS) traded in a range yesterday that spanned from a low of $38.93 to a high of $39.43. Yesterday, the shares fell 3.9%, which took the trading range below the 3-day low of $40.15 on volume of 7.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Morgan Stanley. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Morgan Stanley in search of a potential trend change.

Over the past year, Morgan Stanley has traded in a range of $36.74 to $50.43 and is now at $39.10, 6% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders Morgan Stanley

Ticker(s): MS