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Watch for Shares of Morgan Stanley (MS) to Approach Support at $43.92

By Amy Schwartz

Shares of Morgan Stanley (NYSE:MS) have bearishly opened below the pivot of $44.37 today and have reached the first support level of $44.10. Analysts will be watching for a cross of the next downside pivot targets of $43.92 and $43.47.

In the past 52 weeks, shares of Morgan Stanley have traded between a low of $36.74 and a high of $55.64 and are now at $43.69, which is 19% above that low price. The 200-day and 50-day moving averages have moved 0.31% lower and 0.37% higher over the past week, respectively.

Morgan Stanley has overhead space with shares priced $43.69, or 28.6% below the average consensus analyst price target of $61.21. The stock should find initial resistance at its 200-day moving average (MA) of $44.66 and further resistance at its 50-day MA of $44.85.

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