May 3, 2012 9:43 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.
Deutsche Bank increases its price target from $31 to $32 on Hold-rated Public Service Enterprise Group (NYSE: PEG) on Q1 results well above expectations. Deutsche Bank notes, "PEG reported 1Q12 EPS of $0.85, well above our $0.69 estimate and consensus of $0.67, largely due to one-time tax benefits (about $0.11) but also from strong cost control at Power. We think 2012 is off to a strong start vs. reiterated guidance of $2.25-$2.50/sh, with summer conditions likely key given PEG's sizeable CCGT fleet that remains largely unhedged. RPM auction results in two weeks will be the next big stock catalyst, providing greater medium-term earnings visibility. Maintain Hold rating on valuation despite the relative appeal of PEG's under-levered balance sheet and continued strong operations."PEG closed at $31.39 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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