February 22, 2012 1:07 PM | 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.
DA Davidson raises its target price on Buy-rated URS Corporation (NYSE: URS) to $58, up $8, as the company's planned acquisition of Flint Energy should add substantial oil and gas services that are immediately accretive. DA Davidson says, "URS announced an agreement to acquire Flint Energy Services (FES-CA – C$24.78) for approximately $1.5 billion, (C$25 per share plus assumed debt, or approximately 15x and 7x 2012 consensus estimates for EPS and EBITDA, respectively). The acquisition would position URS as one of the leading providers of E&C services to the North American Oil & Gas market, an end-market the company has been targeting for several years. For more details please see our recent note dated February 21st."URS closed at $44.87 a share on Tuesday.
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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