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.
- Reaccelerating revenue momentum - Flannery explained that, despite a challenging year, Rackspace showed improving bookings momentum coming out of 2013, which he expects will continue through 2014. In addition to this, Flannery believes Rackspace has a "strong market position in the rapidly growing cloud space" and expects revenue to grow as much as 17 percent this year.
- Differeniated product offering - Despite stiff competition in the could space industry, especially from Amazon Web Services, Flannery believes the combination of "strong industry growth" and "differentiated service offerings" will lead Rackspace to profitable growth over time.
- Attractive valuation - Flannery says Rackspace shares are currently trading at a "modest" value, which is 7.5 times his 2014 EBITDA estimate. He also noted that this is a "near all-time low" and below a three year next-twelve-months average of 13.2.
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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