We’ve Only Just Begun : Morgan Stanley (MS), Oritani Financial Corp. (ORIT)

The stocks of Morgan Stanley (NYSE:MS) has been Downgraded as a Hold from Buy by Odeon in its latest research note that was published on October 29. The stock also received a Hold to Buy rating from Sandler O’Neill with the price target of $48. This was contained in a research note published by the firm on October 10. The stock received a Neutral to Buy rating and a price target of $48 to $52 in Citigroup’s research note that was published on July 12.

Morgan’s stock is covered by 25 analysts, with 17 of them rating the stock as Buy. It has been deemed to have strong buy by 2 of the analysts, 5 of them have rated it as a Hold while 1 of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 17 analysts. 3 of them rated it as strong buy with 5 of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that MS has an average analyst rating of Overweight.

MS declined by $-0.06 during the normal trading session on Friday and reaching a high of $49.72 during the day while it closed the day at $49.48. The Morgan stock had a low trading volume of 4.14 million shares on that day, which is low compared to the average daily volume of 9.53M shares. MS has also gained 1.31% of its value over the past 7 days. However, the stock has surged by 19.26% in the 3 months of the year. Over the past six months meanwhile, it has gained 21.48% while it has added 24.79% year-on date.

Shares in Oritani Financial Corp. (NASDAQ:ORIT) fell by -0.21 percent on Friday. The company’s stock began trading at $18.8 below the previous closing price of $18.84, and finished the day at $18.6. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -4.62% from its 3 months high price. However, taking another look at ORIT will indicate that it is trading +12.05% away from its 90-day low. Looking at the bigger picture, the Oritani Financial Corp. stock has dropped by -4.62% from its 52-week high while it has surged by +32.2% from its 52-week low price.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that ORIT stock was rated as a Hold by TrendSpotter. Its short-term indicators reveal that Oritani has a 20-day average volume of 355445 shares. This has led to the ORIT price forecast being placed as a 50% Buy on an average basis. In the medium term, however, the ORIT stock has its 50-Day average volume of 267370 shares, with the indicators also rating it as a 100% Buy. Finally, in the long-term, the ORIT stocks have a 100-Day average volume of 232247 shares, with the long-term indicators rating the stock as just 100% Buy. Looking at the three indicators, the ORIT stock has been set on a 0.8 Buy rating.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 64.71%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 8.16%. Over the past 20 days, Oritani’s Stochastic %K stood at 24.49% while its Stochastic %D was revealed to be 31.18%.