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

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While equity markets have just experienced a bearish "Brexit" shock, there are plenty of opportunities to the upside. When profit takers cover, equities can quickly change course and go against the collect sentiment of investors in a hurry. This means that last week's weak finish could offer an incredible discount on quality stocks that have become much cheaper.

Morgan Stanley ( MS ) is attractive financial play that's eager to recover from a recent downward gap in the charts. Support can be found just below the current price of the stock at $24.50-$24 per share, so it's a good time to play the risk-to-reward ratio game knowing that a stop can be placed close by should continued weakness materialize and knock us out of the position. And should the trade go our way, healthy gains would make this a worthwhile trade.

Buy to open the MS August 28 calls (MS160819C00028000).

Action: I like these call options at current levels.

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The post Trade of the Day: Morgan Stanley (NYSE:MS) appeared first on InvestorPlace .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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