Morgan Stanley MS keeps trading within its consolidation zone but the underlying short term trend is down.
Morgan Stanley trades at $32 today but it projects a downside target of $28 if the move happens. Put Options buyers should play this bet while the stock still is inside this zone, it seems more risky but the premiums are cheaper now and will remain cheap until the breakout occurs.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Short IdeasPrice TargetOptionsAnalyst RatingsTrading IdeasFinancialsInvestment Banking & Brokerage
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in