January 26, 2012 10:18 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.
BMO Capital Markets raises its rating on Electronics for Imaging (NASDAQ: EFII) to Outperform from Perform and increases its price target to $21 from $18 a share following a visit to the company's operations that reinforces confidence on growth. BMO Capital says, "We believe that EFII can generate 12% y/y revenue growth in CY12 and 6% y/y revenue growth in CY13. Based on our recent visits with major Japanese printer companies, we believe that high-end commercial printing will have modest growth in CY12. With that said, we have assumed that controller revenues decline by 1% y/y in CY12, and grow by 2% y/y in CY13. We believe that we have upside tension in our EPS, driven by revenues, margins, and buy back."EFII closed at $16.40 a share on Wednesday.
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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