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.
Nikola Corporation (NASDAQ:NKLA) shares are trading higher Thursday. The stock appears to be recovering after dropping more than 40% in the last five sessions.
What To Know:
Shares of NKLA have been volatile after the company released its second-quarter financial results and announced an abrupt CEO transition.
Last Friday, Nikola reported second-quarter revenue of $15.36 million and a loss of 20 cents per share. The company also stated that it delivered 45 electric vehicles via wholesale and 66 EVs via retail in the second quarter.
Nikola CEO, Michael Lohscheller, stepped down as president and CEO due to a family health matter, and board chairman, Steve Girsksy, assumed the role of CEO of Nikola.
NKLA shares are moving higher on above-average trading volume. According to data from Benzinga Pro, more than 26 million shares have already been traded, compared to the stock's 100-day average of 80.964 million shares. Nikola has grabbed the attention of short sellers with 18.83% of available shares being sold short.
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NKLA Price Action: According to Benzinga Pro, Nikola shares are trading 8.76% higher at $2.11 at the time of publication.
Image: Courtesy of Nikola Corporation
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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