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Watch for Shares of Morgan Stanley (MS) to Approach Resistance at $43.01

By Shiri Gupta

Shares of Morgan Stanley (NYSE:MS) opened today above their pivot of $42.71 and have already reached the first level of resistance at $42.87. Analysts will be watching for a cross of the next upside pivot targets of $43.01 and $43.31.

There is potential upside of 42.8% for shares of Morgan Stanley based on a current price of $42.86 and an average consensus analyst price target of $61.21. The stock should find resistance at its 200-day moving average (MA) of $45.65, as well as support at its 50-day MA of $41.98.

Over the past year, Morgan Stanley has traded in a range of $36.74 to $59.38 and is now at $42.86, 17% above that low. The 200-day and 50-day moving averages have moved 0.51% lower and 0.53% higher over the past week, respectively.

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