Excerpt from Newsletter: Stock Recommendation: MS (Morgan Stanley)
Posted by ttfrenzy | 12:18 PM | morgan stanley, MS, recommendation, stock picks | 0 comments »If you want full articles and much more like this for Free, sign up to the right.
Techmically speaking, Morgan Stanley is very solid as well. It's forward p/e i just 9.9 so it is clear that the company is incredibly over sold and undervalued. Also MS is 77 percent institutionally owned again reflecting on its solidity and reliability, and has a pretty solid dividend. The company is well above its 52 week low which it hit just days ago and will likely continue to go up reaching prices that are not quite as far below what one would expect. If you take a look at the chart attached, it shows the Ichimoku clouds for the stock. They have just recently gone into green territory indicating a time to buy. Also the MACD has now changed from a negative trend to a positive trend and gone above zero also a good signal of a stock's momentum. The high volume buying that occured just days ago manifests that the recent jump from 10 dollars a share to 20 dollars a share is not just a temporary move but something that should be regarded. Both fudamentally and sector wise, Morgan Stanley seems to be an excellent buy at the moment, that every investor should take advantage of. Morgan Stanley is undervalued and is a solid company in the financial sector, one that will likely see substantial gains within the near future.
