July 1, 2013 10:11 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, Goldman Sachs analyst Samuel H. Eisner initiated coverage on
Regal-Beloit Corporation (NYSE: RBC) with a Neutral rating and $70.00 price target.In the report, Goldman Sachs noted, “We initiate coverage of RBC with a Neutral rating and $70, 12-month price target. As 50% of RBC's revenue is tied to the resi HVAC industry, we believe the company will benefit from an overall improvement in this market alongside continued positive momentum in housing starts, although at a pace slower than the market. We expect headwinds in the company's commercial and industrial (C&I) business alongside continued weakness in global industrial automation. Despite this, we believe the company's efforts to improve returns via increased acquisitions synergies and a more simplistic organization should pay off over time as volumes return.”Regal-Beloit Corporation closed on Friday at $64.84.
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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