OptionsPlay DailyPlay

The bearish DailyPlay we chose for Thursday December 31th is Morgan Stanley (MS). MS is part of the Financials Sector (XLF). Over the last month, XLF has experienced a 1.39% move lower with both its 1m and 6m trends turning bearish on 12/17.

Morgan Stanley’s 1m and 6m trends turned bearish on 12/17 and recently bounced lower off its $33 minor resistance area. With a technical score of 3 (out of 10), MS looks positioned to continue this strong bearish trend lower.

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