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 Wednesday, Jefferies analyst Mike Betts reiterated a Buy rating on Cemex (NYSE: CX), but lowered the price target from $12.60 to $12.30.
In the report, Jefferies noted, “We are reducing our 2013 EBITDA estimate by 9%, from $3.019m to $2,750m, as although Cemex's profitability is recovering in the US, elsewhere growth appears to have been disappointing. The lower cash generation reduces our mid-cycle based price target from $12.6 to $12.3 per ADR. As the latter is 17% above the current share price we are retaining our Buy rating on the shares.”
Cemex closed on Tuesday at $10.49.
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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