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MORGAN STANLEY
(MWD-NYSE):
Technical Viewpoint: From a low
of $47.36 on Aug 26, 2003 prices
rallied, reaching a
high of $50.00
on Sep 2, 2003. A
decline saw prices pull back, reaching a
low of
$47.81 on Sep 10, 2003.
Another rally saw prices penetrate
resistance, closing 9/16/03
at $51.36. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 9, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $48.13. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 16, 2003. A P&F upside
reversal takes place at $49.50. Summary: Technical indicators have turned bullish. BUY! MORGAN STANLEY
(MWD-NYSE) @ $51.38 Stop: Use a protective stop of $48.88.
MORGAN STANLEY is currently trading @ $51.36 plus $2.28 on Sep 16, 2003. Price Objective:
$64.50. Risk/Reward: $2.50 VS. $13.12. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$64.50
Risk/Reward:
$2.50 VS. $13.12
Risk/Reward Ratio:
5:1
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