August 15, 2012 9:42 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.
In a report published Wednesday, Citigroup reiterated its Neutral rating and $68.00 price target on Target Corporation (NYSE: TGT).Citigroup noted, “TGT's 2Q12 EPS was $1.06 per share (incl. a (-$0.09) per share impact from Canadian dilution), ahead of our estimate and consensus of $1.01, and vs. $1.03 last year. A better-than-expected tax rate contributed $0.03/share to the beat. TGT also provided 3Q12 EPS guidance of $0.69 to $0.79 (incl. Canada entry dilution), vs. our estimate of $0.74 and consensus of $0.76, and the company raised its 2012 guidance to $4.20 to $4.40, vs. $4.10 to $4.30 previously (incl. Canada entry dilution), our estimate of $4.29, and consensus of $4.31. We believe that investors will view today's EPS beat and increase in guidance favorably.”Target Corporation closed on Tuesday at $63.38.
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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