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.
- Mizuho analyst Gregg Moskowitz raised the price target on Datadog Inc (NASDAQ:DDOG) to $115 from $96, implying an 11.13% upside, and maintained a Buy rating.
- He raised the price target on Fortinet Inc (NASDAQ:FTNT) to $250 from $208, signifying a 2.46% downside, and affirmed a Neutral rating.
- Moskowitz raised the Rapid7 Inc (NASDAQ:RPD) price target to $110 from $92, implying a 9% upside, and reiterated a Buy rating.
- He raised the price target on ServiceNow Inc (NYSE:NOW) to $640 from $590, signifying a 14.58% upside, and maintained a Buy rating.
- The economic recovery and recent software channel checks appeared very healthy overall, Moskowitz noted.
- Companies that enable digitization are still leading the way while many legacy and on-premise technologies continue to normalize.
- Additionally, his cybersecurity checks proved notably strong this quarter.
- Price action: DDOG shares closed lower by 1.14% at $103.48, and RPD shares closed lower by 1.9% at $100.92 on Thursday.
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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