• Return to Headlines

Look for Shares of Morgan Stanley to Potentially Pullback after Yesterday's 7.12% Rise

By Shiri Gupta

Morgan Stanley (NYSE:MS) traded in a range yesterday that spanned from a low of $56.00 to a high of $56.87. Yesterday, the shares gained 7.1%, which took the trading range above the 3-day high of $53.25 on volume of 16.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Morgan Stanley on October 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.32. Since that recommendation, shares of Morgan Stanley have risen 19.4%. We continue to monitor MS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Morgan Stanley have traded between a low of $38.76 and a high of $56.87 and are now at $56.67, which is 46% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

Keywords: rebounders Morgan Stanley

Ticker(s): MS