Could Morgan Stanley‘s (MS stock) drop towards its 52-week low level at around $72.05?

AAATrade Team AAATrade

Today’s instrument is Morgan Stanley‘s stock traded in the NYSE exchange under the ticker MS.

Looking at the MS‘s chart, we can see is a downward trend and the last traded price which closed at around $78.95.

Morgan Stanley is announcing its quarterly earnings on the 14th of October and if the market’s anticipation is positive, then today we should expect the price to float above its support level which is located at around $78 otherwise it could drop towards its 52W low level at around $72.05.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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