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.
Shares of Magellan Midstream (NYSE:MMP) decreased 0.2% in pre-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share fell 18.49% over the past year to $0.97, which beat the estimate of $0.84.
Revenue of $598,264,000 decreased by 8.88% year over year, which beat the estimate of $574,940,000.
Outlook
Q4 EPS expected to be between $0.80 and $0.80.
How To Listen To The Conference Call
Date: Oct 30, 2020
Time: 01:00 PM
ET Webcast URL: https://www.magellanlp.com/investors/webcasts.aspx
Price Action
52-week high: $65.34
52-week low: $22.02
Price action over last quarter: down 12.27%
Company Description
Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country's longest petroleum pipeline network, terminal storage, and several crude oil pipelines. Refined products make about 55% of operating margin, with the balance split between crude pipelines and marine terminals.
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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