February 4, 2013 12:22 PM | 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.
Credit Suisse reiterated its Outperform rating on Ingersoll-Rand Plc (NYSE: IR) and raised the price target from $55 to $57. Credit Suisse commented, "IR's revenue growth guidance looks cautious to us, and given the cost-out actions, any extra revenue should drop through at a high margin rate. Commentary from the AHR Expo we attended and from peer companies both suggest upside to the market growth assumptions (for instance IR's guidance for instance embeds no real Thermoking improvement, whereas UTX are expecting healthy demand in Transicold this year). We also think the substantial product refresh underway in Trane (per AHR) will allow for market share gains. While the Q4 Resi HVAC numbers were weak, we think Q1 will show a more 'normal' growth rate, which should prove reassuring."Ingersoll-Rand Plc closed at $52.36 on Friday.
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.