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.
Wednesday's morning session saw 14 companies set new 52-week lows.
Significant Points:
- Telecom Argentina (NYSE:TEO) was the biggest company in terms of market cap to set a new 52-week low.
- The smallest company in terms of market cap to set a new 52-week low was Ocean Power Technologies (NASDAQ:OPTT).
- Actinium Pharmaceuticals (AMEX:ATNM) shares traded down 31.46% to reach its 52-week low, making it the biggest loser.
The following stocks set new 52-week lows as of 10 a.m. ET on Wednesday:
- Telecom Argentina (NYSE:TEO) stock hit a new 52-week low of $7.27 to begin trading. The stock was down 2.64% on the session.
- Acadia Realty Trust (NYSE:AKR) shares began trading with a new 52-week low of $10.02 on Wednesday. The stock was down 4.67% for the day.
- Covanta Holding (NYSE:CVA) shares set a new yearly low of $6.58 this morning. The stock was down 3.34% on the session.
- Valaris (NYSE:VAL) shares began trading with a new 52-week low of $0.35 on Wednesday. The stock was down 12.82% for the day.
- Venator Materials (NYSE:VNTR) shares moved down 2.49% on Wednesday's session after setting a new 52-week low of $1.15 to begin trading.
- Secoo Holding (NASDAQ:SECO) stock hit a yearly low of $2.26 this morning. The stock was down 6.43% for the day.
- TimkenSteel (NYSE:TMST) shares were down 4.15% over the session, having began the day with a 52-week low of $2.23.
- Olympic Steel (NASDAQ:ZEUS) stock hit $8.03 on Wednesday morning, setting a new 52-week low. The stock traded down 1.29% over the course of the day.
- Kingsway Financial Servs (NYSE:KFS) stock hit a yearly low of $1.30 this morning. The stock was down 7.53% for the day.
- Actinium Pharmaceuticals (AMEX:ATNM) shares fell to $0.16 on Wednesday morning, setting a new 52-week low. Shares then moved down 31.46%.
- RigNet (NASDAQ:RNET) shares set a new 52-week low of $0.86 today morning. The stock traded down 4.45% over the session.
- Unit (NYSE:UNT) shares reached a new 52-week low of $0.14 on Wednesday morning, later moving down 8.41% over the rest of the day.
- Qualstar (NASDAQ:QBAK) stock set a new 52-week low of $1.66 on Wednesday morning, with shares later moving down 1.75%.
- Ocean Power Technologies (NASDAQ:OPTT) stock dropped to a yearly low on Wednesday morning of $0.33. Shares then traded down 8.32%.
Benzinga will continue to update traders about these equities going forward. Stay tuned for further market updates.
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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