February 20, 2013 7:25 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.
JP Morgan downgraded SAIC (NYSE: SAI) from Overweight to Neutral and lowered the price target from $13.00 to $12.00.JP Morgan said, "We are reducing our estimates to reflect both the dimming outlook for organic revenue growth and the additional overhead SAI is taking on as it prepares to split into two companies. SAI has outperformed large-cap defense peers by ~1,300 bps and small-cap services peers by ~1,200 bps on a year-to-date basis. We expect Q4 earnings to be released in the latter part of March, and we anticipate a conservative initial outlook for FY14 earnings at that time. As a result of all of these considerations, we are downgrading SAI from Overweight to Neutral."SAIC closed at $12.25 on Tuesday.
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.