June 12, 2013 at 10:55 AM EDT
Today’s Technical View on MS, SCHW, ETFC, and CME
StockCall.com Provides Stock Research on Morgan Stanley, The Charles Schwab Corp., E*TRADE Financial Corp., and CME Group Inc.
New York City, New York -- (June 12, 2013)
After relative calm, financial markets in the U.S., as well as globally, have been extremely volatile. The major reason behind the volatility has been speculation that the Federal Reserve will start easing its bond buying program soon. This has forced investors to sell risk assets. On Tuesday, June 11, 2013, U.S. equity market tumbled, with the S&P 500 falling more than 1% as sentiment was weighed down after the Bank of Japan (BOJ) kept its monetary policy unchanged. The volatility in global markets is likely to have a major impact on investment brokerages. Yesterday, shares in investment brokerages ended mostly lower. The major movers included Morgan Stanley (NYSE: MS), Charles Schwab Corp. (NYSE: SCHW), E*Trade Financial Corporation (NASDAQ: ETFC), and CME Group Inc. (NASDAQ: CME). StockCall initiated free in-depth technical analysis on MS, SCHW, ETFC, and CME which are currently available upon sign up at
Shares in Morgan Stanley tumbled on Tuesday, reversing some of their gains from previous trading sessions. The company’s shares ended the day 3.90% lower at $26.09 after trading between $25.99 and $26.79. A total of 25.33 million shares were traded which is well above the daily average volume of 18.40 million. However, despite the sharp decline yesterday, shares of MS have gained nearly 2.70% in the last three sessions. So far this year, the stock has grown 37.10%, thus outperforming the S&P 500. Shares of MS are currently trading nearly 4% below their 52-week high. Sign up for the free technical analysis on MS at
Charles Schwab Corp.’s stock fell by 2.47% yesterday, ending the day at $19.72 after hitting an intraday low of $19.67. A total of 7.78 million shares were traded which is below the daily average volume of 10.40 million. However, despite the losses on Tuesday, shares of SCHW have gained over 1.30% in the last three sessions. So far this year, the stock has grown over 38.20%. The stock is currently trading well above its 50- and 200-day moving averages. Download the free report on SCHW by registering at
Shares in E*Trade Financial Corporation fell sharply in its most recent session, reversing some of its gains from previous market days. The company’s shares ended the day 2.86% lower at $11.53 after trading between $11.48 and $11.87. A total of 2.69 million shares were traded, which is below the daily average volume of 3.77 million. Shares of ETFC are still up in the last three sessions by over 1.20%. So far this year, the stock has gained over 28.80%, thus outperforming the S&P 500. The free report on ETFC can be downloaded by signing up now at
CME Group Inc.’s stock slipped on Tuesday, finishing at $72.39, down 0.85% from its previous closing price. Shares of CME traded between $71.52 and $72.89. A total of 2.18 million shares were traded, which is slightly above the daily average volume of 2.03 million. However, despite the pullback yesterday, shares of this nationalinvestment brokerage firm have grown over 5% in the last three sessions. The stock is currently trading 2.14% below its 52-week high. So far this year, the company’s shares have gained nearly 44.90%, hence outperforming the S&P 500. Free report on CME can be accessed by registering at
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William T. Knight
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