April 11, 2012 3:14 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.
Shares of Starbucks (NASDAQ: SBUX) are sitting at new all-time highs on Wednesday. The stock has added nearly 4% to $58.97 on heavy volume. Year-to-date, the stock has surged more than 28%, including nearly 14% over the last month alone. SBUX trades at a trailing P/E of 35.37, a forward P/E of 25.57 and a PEG ratio of 1.61. The recent bullish activity in the name is largely attributable to an announcement earlier in the year that the company would be launching a single-cup brewing machine to compete with Green Mountain Coffee Roasters' (NASDAQ: GMCR) Keurig machine. In wake of the run-up in its stock price, SBUX now has a market cap of over $44 billion. The stock currently yields 1.15% at current levels.
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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