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Trade of the Day: Morgan Stanley (NYSE:MS)

The potential rollback of financial regulations should push MS to new highs

   

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Today, we’re opening a new bullish trade on Morgan Stanley (NYSE:MS).

The potential rollback of financial regulations has already started with changes to advisory rules last Friday.

Although future changes will take some time to be implemented, the potential should push financial stocks (especially the broker/banks) to new highs.

We’re recommending calls on MS, with the stock recently crossing resistance. The stock’s performance during an otherwise slow week for the financials is encouraging, and the timing looks good.

‘Buy to open’ the MS March 45 Calls (MS170317C00045000) for a maximum price of $1.30.

You can learn more about identifying price patterns and using them to project how far you think a stock is going to move in our Advanced Technical Analysis Program.

InvestorPlace advisers John Jagerson and S. Wade Hansen, both Chartered Market Technician (CMT) designees, are co-founders of LearningMarkets.com, as well as the co-editors of SlingShot Trader, a trading service designed to help you make options profits by trading the news. Get in on the next SlingShot Trader trade and get 1 free month today by clicking here.


Article printed from InvestorPlace Media, http://investorplace.com/2017/02/trade-of-the-day-morgan-stanley-nyse-ms-2/.

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