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.
- Macy's Inc (NYSE:M) Chairman and Chief Executive Officer Jeff Gennette plans to retire in February 2024 after serving the company for 40 years.
- Following a succession planning process that included an internal and external search, the company has appointed its executive vice president and Bloomingdale's chairman and CEO, Tony Spring as its president and CEO-elect.
- Tony Spring will also become a member of the board of directors.
- Also Read: This Analyst Sees Macy's As Emerging On Solid Financial Footing Amid Volatile Macro Environment
- As President, Tony Spring will be responsible for leading Macy's Digital, Customer, Merchandising, and Brand teams, while overseeing Bloomingdale's and bluemercury.
- The company has also announced that its CFO Adrian Mitchell's responsibilities have been expanded to include the role of chief operating officer.
- Price Action: M shares are trading lower by 0.87% at $17.12 in premarket on the last check 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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