May 3, 2012 7:08 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.
Wunderlich Securities reduces its price target from $33 to $28 on Buy-rated CEVA (NASDAQ: CEVA) as a solid first quarter report was accompanied by a cautious outlook. Wunderlich Securities says, "CEVA reported a solid first quarter, but gave disappointing outlookcommentary that reflects a tough March quarter for much of the industry (CEVA royalties are recognized a quarter after licensee shipments) and delayed adoption of more capable/higher price technology by Nokia (NOK1V-€3.58, Hold). We are taking our estimates down and revising our 12-month price target from $33 to $28 along with them. However, we regard the long term outlook for the company to be as strong as ever and continue to recommend purchase of the shares with a Buy rating."CEVA closed at $17.55 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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