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Look for Shares of Morgan Stanley to Potentially Rebound after Yesterday's 3.95% Sell Off

By Nick Russo

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.

Morgan Stanley share prices have moved between a 52-week high of $50.43 and a 52-week low of $36.74 and are now trading 6% above that low price at $39.10 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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.

Keywords: rebounders Morgan Stanley

Ticker(s): MS