April 14, 2011 8:10 AM | 1 min read |
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Oppenheimer is out with its report today on Enterprise Products Partners (NYSE: EPD), raising its PT from $44 to $45.In a note to clients, Oppenheimer writes, "We are adjusting our price target on EPD (raising it $1 to $45) while introducing quarterly estimates for 2011 and annual estimates for 2013. The price target increase was driven by a slight increase in our stage 1 growth rate assumption for the company. We now believe EPD can grow its distribution at a CAGR of 6% over the next three years. Despite its size, EPD continues to grow at a rapid rate due to favorable NGL fundamentals and an attractive slate of organic growth projects focused on the Eagle Ford and Haynesville shales. We continue to believe that EPD should be a core holding in MLP portfolios."Shares of EPD closed Wednesday at $42.50, up 0.21% from Tuesday's close.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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