May 13, 2014 10:15 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 Tuesday, Morgan Stanley analyst Simon Flannery reiterated an Overweight rating and $45.00 price target on
Rackspace Hosting (NYSE: RAX).In the report, Morgan Stanley noted, “We believe RAX is well positioned as a pure play on managed hosting / cloud computing in the secularly growing IT outsourcing segment. Competitive headwinds are strong, especially in the public cloud segment, but RAX continues to differentiate itself from larger competitors as a service specialist, providing hands-on support to SMB and enterprise customers. Growth slowed in 2013 as RAX focused on migrating to OpenStack. With the focus pivoting back to revenue growth, RAX has implemented a new sales and marketing effort that is starting to show traction. The stock underperformance provides an attractive entry point.”Rackspace Hosting closed on Monday at $27.53.
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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