October 3, 2012 10:41 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 on FXCM (NYSE: FXCM), and slightly raised its price target from $10.00 to $11.00.Citigroup noted, “Though we raise our adjusted EPS estimates and target $1, we affirm our Neutral rating as: 1) we believe consensus estimates for 2013-14 remain heavily at risk, even after we lifted our forecast; and, 2) we believe the ST revenue outlook remains challenging given sustained/declining currency volatility and low rates. Finally, given mixed execution track record to date, we believe investors will need to see tangible step up in EPS growth to assign a more competitive multiple. Management is focused heavily on EBITDA leverage, but such a lift is not translating to the bottom line (even as deals and WL and institutional initiatives season).”FXCM closed on Tuesday at $10.09.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.