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.
- Goldman Sachs analyst Toshiya Hari upgraded Seagate Technology Holdings PLC (NASDAQ:STX) to Neutral from Sell with a price target of $98, up from $85, implying a 5.6% upside.
- The stock is up 85% since being added to America's Sell List in 2018, Hari said.
- Hari believes he underestimated the company's ability to gain share in nearline HDD, the pace at which gross margins would recover, and the expansion in STX's multiple.
- He added, however, that Seagate shares now trade at 11.5x expected next-12-months earnings, which is above the 3-year median multiple of 10.7x.
- Price Action: STX shares traded lower by 2.56% at $91.72 on the last check 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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