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.
iRobot Corporation (NASDAQ:IRBT) shares are trading lower on Wednesday. The stock continued to sell off in the wake of news from last week regarding Amazon.com, Inc.'s (NASDAQ:AMZN) proposed acquisition of the company.
What To Know: Shares experienced volatility in November amid a report which suggested that Amazon's proposed acquisition of the company was anticipated to get unconditional approval from EU antitrust authorities. Amazon had previously agreed to acquire the company for $61 per share on Aug. 5, 2022.
While the stock surged in response, iRobot shares largely consolidated into the new year. However, last Wednesday, the stock tanked following a report suggesting Amazon skipped a settlement offer with the European Commission for its deal with the company, throwing a wrench into the $1.7 billion acquisition.
Related Link: Amazon Set for Significant Expansion in Cloud and Retail, Analyst Foresees 2024 Boom
IRBT Price Action: Shares of iRobot were down 8.44% at $27.66 at the time of publication, according to Benzinga Pro.
Image by Oleg Gamulinskii 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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