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.
Major U.S. indices were mixed on Thursday with the Dow Jones declining 0.13% to 34,945.47, while the tech-heavy Nasdaq rose 0.07% to 14,113.67. The S&P 500 was also in the green and rose 0.12% to 4,508.24.
Transitioning from the general market overview, it’s important to highlight specific stocks that captured significant attention from retail traders and investors throughout the day.
Applied Materials Inc (NASDAQ:AMAT)
Applied Materials Inc. experienced a decline of 0.36% to close at $154.81. The stock fluctuated between a high of $157.76 and a low of $151.2 during the day, while its 52-week range is between $157.76 and $93.68. The company reported fiscal fourth-quarter financial results with a revenue of $6.72 billion and earnings of $2.12 per share, surpassing analyst estimates.
Alibaba Group Holding Limited (NYSE:BABA)
Alibaba’s stock fell by 9.14% to close at $79.11. The intraday trading saw the stock reaching a high of $80.77 and a low of $78.23, with a 52-week range of $121.3 to $74.58. The company’s earnings per ADS of $2.14 beat consensus, driven by robust growth in its various segments.
Walmart Inc (NYSE:WMT)
Walmart Inc’s shares declined by 8.09% to $156.04. The stock’s high and low for the day were $159.45 and $155.5, respectively, with a 52-week range of $169.94 to $136.09. The retail giant reported a 5.2% year-over-year sales growth to $160.8 billion in its third-quarter FY24.
Gap Inc (NYSE:GPS)
Gap Inc. saw a decrease of 2.84% in its stock, closing at $13.67. The stock traded between $13.93 and $13.43 during the day, with a 52-week high and low of $15.49 and $7.22. The company reported third-quarter earnings of 59 cents per share, surpassing analyst expectations.
Tesla Inc (NASDAQ:TSLA)
Tesla’s stock closed at $233.59, down 3.81%. It ranged between $240.88 and $230.96 in the day’s trading, with a 52-week high and low of $299.29 and $101.81. The electric vehicle maker saw its shares trading lower following recent market trends and CPI data.
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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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