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.
World Wrestling Entertainment, Inc. (NYSE:WWE) shares are trading higher by $2.20 at $23.76 in Thursday's session.
The catalyst for the rally is a Q3 EPS beat of 9 cents along with a revenue beat of $9.4 million.
See Also: Money In The Bank: The Most Successful WWE Superstars Of All Time
After a higher open, WWE had a brief pullback but found support just under the top of Thursday's range ($22.05) at ($21.89) and then continued its move higher. The ensuing rally took the stock to $24.11, but has fallen back to the mid-$23.00 handle.
That high coincides with its April 8, 2014 high of $24.05.
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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