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Morgan Stanley (MS) Approaches New Downside Target of $44.79

By Nick Russo

Shares of Morgan Stanley (NYSE:MS) have bearishly opened below the pivot of $46.01 today and have reached the first support level of $45.49. Should the shares continue to fall, the support pivots of $44.79 and $43.57 will be of interest.

Morgan Stanley share prices have moved between a 52-week high of $48.90 and a 52-week low of $23.11 and are now trading 96% above that low price at $45.26 per share. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.8%.

There is potential upside of 7.5% for shares of Morgan Stanley based on a current price of $45.26 and an average consensus analyst price target of $48.67. The stock should find initial support at its 200-day moving average (MA) of $30.57 and further support at its 50-day MA of $25.74.

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: pivot alerts Morgan Stanley

Ticker(s): MS