May 7, 2014 4:34 PM | 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.
Morgan Stanley on Wednesday called a pair trade, upgrading
Hilton Worldwide (NYSE: HLT) to Overweight and increased its price target to $27;
Marriott International(NASDAQ: MAR) was downgraded, with a price target at $64 per share. In the report, analyst Thomas Allen states that the industry as a whole is attractive, and that Marriott "has outperformed other US Lodging stocks by 14% YTD. While we still see it as one of the cleanest long-term growth stories in Lodging, we move to Equal-weight as we see a more balanced risk-reward in the near-term at these levels.”Additionally, Allen stated, “A combination of strong fundamentals and a deep dive into the strategic value of the Waldorf Astoria lead us to upgrade HLT to Overweight and increase our price target to $27 (22% upside).”Shares of Hilton are up $0.50 or 2.26 percent to $22.66 per share. Shares of Marriott are up $0.11 or 0.19 percent to $58.11 per share.
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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