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Schaeffer's Street Stories: Put Players Flock to Morgan Stanley


🞛 This publication is a summary or evaluation of another publication
CINCINNATI--([ BUSINESS WIRE ])--The shares of financial firm Morgan Stanley (NYSE: MS) have swooned 61.7% during the past 52 weeks, but lately they seem to be attempting a comeback from their lows. In fact, from its Oct. 10, 2008 nadir of $6.71, the equity has surged nearly 179%.
The stock recently clambered atop former resistance from its 10-week moving average, and has now closed 6 consecutive weeks atop this intermediate-term trendline. This level could now switch roles to provide support for continued gains in MS.
To continue reading this article, click here: [ http://www.schaeffersresearch.com/commentary/content/option+activity+alert+put+players+flock+to+morgan+stanley/observations.aspx?click=home&ID=90736 ]
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