March 13, 2013 11:00 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, Topeka Capital Markets analyst Frederick Ziegel reiterated his Buy rating on Sourcefire (NASDAQ: FIRE), and raised its price target from $50.00 to $66.00.In the report, Ziegel noted, “We are reiterating our Buy rating on FIRE and raising our price target to $66 from $50 to reflect a higher multiple assumption on our 2014 estimate. We are raising our multiple assumption based on three factors: 1) Sourcefire is one of the best positioned security companies with exposure to NGFW, NGIPS and Anti-Malware detection; 2) Expanding operating margins of 800-1100bps over time and; 3) in the shorter term, upside to the current Federal Government business. Our $66 price target is based on the stock selling at 2.0x an estimated 25% long-term EPS growth rate on our 2014 EPS estimate of $1.32. Further detail in our report.”Sourcefire closed on Tuesday at $57.80.
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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