April 8, 2013 10:14 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 Monday, Jefferies analyst Andy Barish reiterated a Hold rating on McDonald's Corporation (NYSE: MCD), and raised the price target from $83.00 to $91.00.In the report, Barish noted, “We knew 1Q13 compares would be difficult but the sharp traffic drop-off in Feb as guests' wallets were squeezed was less expected. Many tempered ‘13 guidance, but the slowdown appears to have been largely ignored by the market; valuations have expanded as investors look past a choppy '13 to more normalized EPS growth in '14. We introduce '14 ests but remain selective, and prefer those names with tangible SSS drivers and cost offsets.”McDonald's Corporation closed on Friday at $101.42.
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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