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After Yesterday's Rally of 1.04% Shares Could Potentially Pullback

By Amy Schwartz

Morgan Stanley (NYSE:MS) traded in a range yesterday that spanned from a low of $50.10 to a high of $50.84. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $50.16 on volume of 2.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Morgan Stanley share prices have been bracketed by a low of $43.84 and a high of $59.38 and are now at $50.53, 15% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

SmarTrend is tracking the current trend status for Morgan Stanley and will alert subscribers who have MS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders Morgan Stanley

Ticker(s): MS