January 9, 2013 9:31 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, Gilford Securities initiated coverage on Meritage Homes Corporation (NYSE: MTH) with a Buy rating and $50.00 price target.Gilford Securities noted, “We are initiating on homebuilder Meritage (MTH) with a Buy rating in conjunction with our positive outlook for the US homebuilding market 2013-2015. Meritage is a top-10 homebuilder in the United States building a variety of home offerings including first-time, move-up, luxury and active adult. The Company is an industry leader in innovation and energy efficiency and has a quality-centric lot strategy. Our price target of $50 is predicated on a mix of a premium multiple of 2.6x forward adjusted book value of $19.50 and 9x $5.50 mid-cycle earnings.”Meritage Homes Corporation closed on Tuesday at $41.39.
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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