This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Huge Stocks Ready to Slingshot Higher

Morgan Stanley

Meanwhile, financial giant Morgan Stanley (MS - Get Report) is looking primed for a change of luck. Investors in the $29 billion firm haven't exactly been lucky this year. Since the first trading day of January, Morgan Stanley has slipped close to 4% while the rest of the financial sector has rallied almost 11%.

That's meaningful underperformance. But here's why MS could be a slingshot stock this week too.

>>5 Financial Stocks Hedge Funds Love

Morgan Stanley is currently forming a double bottom pattern, a setup that's formed by two swing lows that show up at approximately the same level. The buy signal comes on a breakout above the peak that connects the two lows, in Morgan Stanley's case right at $15. With shares just below that breakout price this week, shares of the firm could be in store for a breakout sooner rather than later.

If you decide to buy MS on the move above $15, I'd recommend keeping a tight stop loss.
3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $122.99 0.00%
AMZN $529.00 0.00%
C $58.92 0.00%
MS $39.29 0.00%
TRV $106.43 0.00%

Markets

Chart of I:DJI
DOW 17,751.39 +121.12 0.69%
S&P 500 2,108.57 +15.32 0.73%
NASDAQ 5,111.7330 +22.5270 0.44%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs