Long Position on MS @ $45.00 on 7/5/2017 (Momentum)

Bullish Cup & Handle on MSMorgan Stanley (MS) provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

The company's Institutional Securities segment offers capital raising and financial advisory services, including services related to the underwriting of debt, equity, and other securities, as well as advice on mergers and acquisitions, restructurings, real estate, and project finance.

This segment also provides sales and trading services, such as sales, financing, and market-making services in equity securities and fixed income products, including foreign exchange and commodities, as well as prime brokerage services; corporate loans, commercial and residential mortgage lending, and asset-backed lending; financing for equities and commodities customers; loans to municipalities; and investments and research services.

Its Wealth Management segment offers various financial services and solutions covering brokerage and investment advisory services, financial and wealth planning services, annuity and insurance products, credit and other lending products, and banking and retirement plan services to individual investors, small-to-medium sized businesses, and institutions.

The company's Investment Management segment provides various investment strategies and products comprising equity, fixed income, liquidity, and alternative/other products, as well as managed futures products to a group of clients across institutional and intermediary channels. 

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. Note the 30-day moving average sown in brown. Higher share prices are expected for this stock. 

 

52-weeks Trading Range: $24.57 - $47.33

Entry Point: $45.00

Stop Loss: $42.75

Target Price: $49.50 

Updates

8/4/2017 1:03:02 PM

MS closed at $48.20

Position closed on 8/4/2017 at price of $48.20 with a 7.11% gain in 30 days.

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