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.
Truist Financial Corporation (NYSE:TFC) shares are trading higher Tuesday, though the stock remains down by nearly 2% over the last month.
What To Know:
Shares of TFC are moving higher on above-average trading volume Tueday. According to data from Benzinga Pro, more than 6.2 million shares have been traded in the session, compared to the stock's 100-day average of 10.211 million shares.
Last week two analysts lowered their price targets on Truist Financial's stock:
- Raymond James analyst Michael Rose maintained Truist Financial with a rating of Outperform and lowered the price target from $36 to $34.
- Morgan Stanley analyst Betsy Graseck maintained Truist Financial with an Equal-Weight and lowered the price target from $41 to $40.
The company is set to release its third-quarter financial reports on Oct. 19. According to estimates from Benzinga Pro, Truist Financial is expected to announce earnings of 82 cents per share and quarterly revenue of $5.68 billion.
Truist Financial Corporation is a regional bank resulting from the combination of BB&T and SunTrust banks and based primarily in the southeastern United States.
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TFC Price Action: According to Benzinga Pro, Truist Financial shares are up 6.7% at $29.28 at the time of publication.
Image: PIRO from Pixabay
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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