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Next Support Level for Morgan Stanley (MS) is $44.01

By David Diaz

Morgan Stanley (NYSE:MS) has opened bearishly below the pivot of $45.44 today and has reached the first level of support at $44.51. Investors may be interested in a cross of the next downside pivot targets of $44.01 and $42.58.

Over the past year, Morgan Stanley has traded in a range of $21.16 to $47.33 and is now at $44.40, 110% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 0.9%.

Morgan Stanley (NYSE:MS) has potential upside of 8.4% based on a current price of $44.40 and analysts' consensus price target of $48.12. Morgan Stanley shares have support at the 200-day moving average (MA) of $30.57 and additional support at the 50-day MA of $25.74.

SmarTrend recommended that subscribers consider buying shares of Morgan Stanley on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.87. Since that recommendation, shares of Morgan Stanley have risen 61.5%. We continue to monitor MS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts Morgan Stanley

Ticker(s): MS