August 4, 2011 3:08 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.
Some of the stocks that may grab investor focus today are:Wall Street expects General Motors Company (NYSE: GM) to report its Q2 EPS at $1.20 on revenue of $36.71 billion. GM shares surged 1.21% to $27.50 in after-hours trading.Zumiez Inc (NASDAQ: ZUMZ) reported a 4.9% rise in its July sales at stores open at least one year. However, analysts were expecting an increase of 7.5%. Zumiez shares dipped 13.28% to $23.50 in the after-hours trading session.Analysts are expecting CVS Caremark Corporation (NYSE: CVS) to have earned $0.64 per share on revenue of $26.76 billion in the second quarter. CVS shares fell 0.39% to close at $36.21 yesterday.Activision Blizzard Inc (NASDAQ: ATVI) reported its Q2 profit at $335 million, or $0.29 per share, up from $219 million, or $0.17 per share, in the year-ago quarter. Activision Blizzard's adjusted profit came in at $0.10 per share. Its revenue came in at $699 million. However, analysts were expecting earnings of 0.05 per share on revenue of $599.32 million. Activision Blizzard shares jumped 2.45% to $12.11 in the after-hours trading session.Analysts expect Kraft Foods Inc (NYSE: KFT) to report its Q2 EPS at $0.58 on revenue of $13.15 billion. KFT shares rose 0.47% to close at $34.30 yesterday.
Trading Ideas.
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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