OptionsPlay DailyPlay

The bullish DailyPlay we chose for Tuesday August 9th is Morgan Stanley (MS). MS is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 4.93% move higher and it’s 1m and 6m trend turned bullish on 8/3 and recently broke higher above its $24 resistance level.

Morgan Stanley’s 1m and 6m trends turned bullish on 7/12 and recently bounced higher above its $28 support level. With a technical score of 7 (out of 10), MS looks positioned to continue this strong bullish trend higher.

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