August 26, 2011 10:33 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.
Shares of Eastman Kodak (NYSE: EK) are moving higher this morning; currently, they are up by 4.87%, trading at $2.80. Eastman Kodak is on the high of the day. The stock recently jumped higher on high volume, recently topping at $3.34. Shares consolidated lower, but found support at the 20-day and 50-day moving averages and are now moving higher. Yesterday's close set the potential for further higher prices and today's action is confirming the trend. Eastman Kodak now has its sights set on $3.00 and $3.34. Note that EK has 30.36% short interest. Eastman Kodak Company is engaged in the sale of imaging products, technology, solutions and services to consumers, businesses and professionals. Kodak operates in three segments: Consumer Digital Imaging Group (CDG), Graphic Communications Group (GCG) and Film, Photofinishing and Entertainment Group (FPEG).
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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