NEW BULLISH Plays
Morgan Stanley - MS - close: 22.98 change: +0.39
Stop Loss: 21.95
Current Gain/Loss: unopened
Entry on January -- at $--.--
Listed on January 30, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 27 million
New Positions: Yes, see below
Why We Like It:
About two weeks ago shares of MS soared on a better than expected earnings report. Since then the stock has consolidated sideways inside the $22-23 trading range. Traders bought the dip at its rising 10-dma yesterday and now MS looks poised to breakout past $23.00 soon.
I am suggesting a trigger to open small bullish positions at $23.15. If triggered our target is $26.00. We will start with a stop loss at $21.95.
FYI: MS has a five-cent dividend payable on Feb. 15, 2013 and will begin trading ex-dividend on Friday, Feb. 1st.
Trigger @ 23.15 *Small Positions*
Suggested Position: buy MS stock @ (trigger)