Morgan Stanley (MS stock): If earnings expectations are surpassed, the price could move towards $89

AAATrade Team AAATrade

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

When we look at the MS‘s chart, we can see its fall from the $83 range down to $81, forming support and climbing back up in the $85.5 range, reaching as high as $86 and returning to the $84 range where it was last found trading.

Morgan Stanley has scheduled a quarterly earnings announcement today 14/04/2022. If earnings expectations are surpassed, we could expect the price to move upwards, towards $89.

Today we can expect a move towards and above $86 closest temporary resistance level. If, however, it doesn’t manage to hold on to the current level then a move towards and below the $81 closest support level can be expected.

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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