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Next Resistance Level for Morgan Stanley (MS) is $45.24

By Amy Schwartz

Morgan Stanley (NYSE:MS) has opened bullishly above the pivot of $43.93 today and has reached the first level of resistance at $44.78. Analysts will be watching for a cross of the next upside pivot targets of $45.24 and $46.55.

In the past 52 weeks, shares of Morgan Stanley have traded between a low of $36.74 and a high of $50.37 and are now at $44.32, which is 21% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

Morgan Stanley (NYSE:MS) has potential upside of 38.1% based on a current price of $44.32 and analysts' consensus price target of $61.21. The stock should find initial support at its 200-day moving average (MA) of $42.88 and further support at its 50-day MA of $42.48.

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: pivot alerts Morgan Stanley

Ticker(s): MS