Scania Posts Drop In Q1 Net Profit

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.

Scania AB (OTC: SVKBY) reported a decline in its first-quarter net profit.Scania's quarterly net profit dropped to SEK1.79 billion, versus SEK2.51 billion, in the year-ago period. Its operating income declined to SEK2.32 billion, from SEK3.34 billion. Scania's net sales fell 3% to SEK20.1 billion, from SEK20.7 billion. Scania's total order bookings declined 19% to SEK15.81 billion, from SEK19.46 billion. However, total deliveries dropped 15% to SEK16.24 billion, from SEK19.07 billion.

20-Year Pro Trader Reveals His "MoneyLine"

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