Morgan Stanley (MS) Consolidating Before the Drop
By George Zabel
November 06, 2009 12:38 PM
November 06, 2009 12:38 PM
Symbols: MS
Morgan Stanley (NYSE: 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.
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