NEW YORK – Morgan Stanley (NYSE: MS) stock is showing strong bullish momentum heading into the trading week, with a significant pre-market rally on Monday morning. Following a powerful recovery in the previous session, the financial services giant looks poised to continue its upward climb, signaling a positive start for investors.
Today’s Market Snapshot: What the Data Shows
For traders monitoring Morgan Stanley’s performance, here is a comprehensive look at the key data from Monday, June 24th:
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Last Close: The stock concluded the prior trading day at an even
1.29 (+0.97%).
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Pre-Market Activity: Early Monday, the stock climbed further to
135.20∗∗inpre−markettrading,addinganother∗∗135.20** in pre-market trading, adding another **1.20 (+0.90%). This indicates strong buying interest before the opening bell.
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Last Session’s Trading Range: The stock exhibited impressive resilience. After opening at $132.06 and dipping to a low of $130.90, it staged a strong V-shaped recovery to hit a high of $134.10, closing near the top of its range.
Analysis: Will the Stock Go Up or Down?
All immediate signs point towards an upward trend for Morgan Stanley stock on Monday.
The powerful rally in the second half of the last trading session, which erased early losses, demonstrated significant buyer conviction. This momentum has clearly carried over into the pre-market, with the stock gaining nearly another full percentage point. A gap-up at the market open seems highly likely.
Key levels for traders to watch today:
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Support: The previous closing price of $134.00 will now be a key psychological and technical support level.
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Resistance: Having passed $135 in the pre-market, the next target for bulls will be the 52-week high of $142.03.
Should You Invest Today?
Whether to invest in Morgan Stanley today depends on your investment horizon and risk tolerance.
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From a Value & Income Perspective: Morgan Stanley presents a compelling case. Its P/E ratio of 15.72 is relatively low for a premier investment bank, suggesting it may be undervalued compared to its earnings. Additionally, its robust dividend yield of 2.76% provides a steady income stream, making it attractive to long-term investors.
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From a Trader’s Perspective: The short-term momentum is undeniably bullish. The strong close followed by a strong pre-market rally is a classic setup for continued gains. Traders might see an opportunity to ride this momentum higher, though caution is always advised when buying into a pre-market surge, as some initial profit-taking is possible.
: Morgan Stanley stock is set for a strong, positive open on Monday, driven by sustained buying pressure. The immediate outlook is bullish. For long-term investors, the stock’s fundamentals, including its reasonable valuation and solid dividend, make it an attractive holding, especially given it has room to grow towards its 52-week high.
Disclaimer: This article is for informational purposes only and is based on the data provided in the image. It does not constitute financial advice. All investment decisions should be made after conducting your own thorough research and consulting with a qualified financial advisor.
