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 Thursday, ISI Group analyst Brian Marshall upgraded Cisco Systems (NASDAQ: CSCO) from Cautious to Neutral.
In the report, ISI Group noted, “Admittedly, during the last several quarters where we have written about ‘warming up' to the fundamental story developing at CSCO, the stock started moving hard and we missed out on a ~20% move in a large-cap name we cover. Our previous CAUTIOUS rating no longer properly reflects our view of improving fundamentals and product competitiveness. We are therefore upgrading shares to NEUTRAL. However, to get more constructive from here, we look for: 1) a pull-back to the low-$20s for more attractive valuation, 2) more tangible evidence that GMs can remain stable or improve, and/or 3) increased growth from outside core switching/routing platforms.”
Cisco Systems closed on Wednesday at $26.38.
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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