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SmarTrend Watching for Potential Pullback in Shares of Morgan Stanley After 2.41% Gain

By David Diaz

Morgan Stanley (NYSE:MS) traded in a range yesterday that spanned from a low of $44.83 to a high of $45.58. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $45.12 on volume of 3.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, shares of Morgan Stanley have traded between a low of $21.16 and a high of $47.33 and are now at $45.48, which is 115% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.8%.

Keywords: rebounders Morgan Stanley

Ticker(s): MS