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Morgan Stanley (MS) Breaks Through Resistance at $53.79

By James Quinn

Shares of Morgan Stanley (NYSE:MS) opened today above their pivot of $53.56 and have already reached the first level of resistance at $53.79. Analysts will be watching for a cross of the next upside pivot targets of $54.17 and $54.78.

In the past 52 weeks, Morgan Stanley share prices have been bracketed by a current low of $0.00 and a high of $59.38 and are now at $0.00. Over the last five market days, 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 0.0% for shares of Morgan Stanley based on a current price of $0.00 and an average consensus analyst price target of $60.66. The stock should find initial resistance at its 50-day moving average (MA) of $25.74 and further resistance at its 200-day MA of $30.57.

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