AXA (AXA) NewsBite - AXA Downgraded By Morgan Stanley

Posted: Wednesday, November 11, 2009 1:29 PM EDT

AXA (AXA) was downgraded today by analysts at Morgan Stanley and the stock is now at $25.74, down $0.46 (-1.76%) on volume of 493,177 shares traded. The analysts downgraded AXA to Equalweight from Overweight. Over the last 52 weeks the stock has ranged from a low of $7.20 to a high of $29.50. AXA stock has been showing support around $25.71 and resistance in the $26.51 range. Technical indicators for the stock are neutral and S&P gives AXA a neutral 3 STARS (out of 5) hold ranking. We will just watch this one for now. There are no hedged trades we like the look of for AXA. [ABR-Seven Summits Strategic Investments NewsBite]

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