June 4, 2012 7:34 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.
According to a research report this morning, Goldman Sachs raises its PT on Monster Beverage (NASDAQ: MNST) from $77 to $82 following an outperform in share price.Goldman Sachs explains, “We reiterate our CL-Buy and raise our 12-month price target by $5 to $82 as we see two key drivers of further share price outperformance. First, we raise our EPS estimates by 3.7%/7.6% in 2013/2014 to better reflect a ramp-up in International profitability after conducting a fresh analysis on International margin potential. Second, we see an increasing likelihood of a sizable and accelerated share repurchase program that would enable MNST to better deploy its $800mm in net cash.”Monster Beverage closed Friday at $70.54.
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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