June 25, 2013 9:30 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 Tuesday, D.A. Davidson analyst Brent Thielman reiterated a Neutral rating on
Apogee Enterprises (NASDAQ: APOG), but lowered the price target from $28.00 to $26.00.In the report, D.A. Davidson noted, “Apogee's shares have been under pressure since mid-May, although shares across our universe have also recently seen multiples contract. Apogee's long-term (fiscal 2016) targets suggest intriguing earnings potential (+$2.00 per share). However, near-term quarterly results will be lumpy due to timing of execution on older (lower profit margin) projects while LSO margins face difficult comparisons. Additionally, while we believe prospects for a recovery in commercial construction are generally improving, current levels of activity remain modest with mixed trends in private and public sector investment. Considering these factors and earnings guidance which is more heavily 2H weighted, we are less compelled to recommend the stock ahead of Q1 earnings and reducing our price target to reflect near-term return potential which coincides with our NEUTRAL rating. Our price target is now $26 (previously $28), or 15x and 6x our fiscal 2015 earnings and EBITDA estimates, respectively.”Apogee Enterprises closed on Monday at $22.96.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.