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 note released Wednesday morning, Morgan Stanley analyst Joseph Moore acknowledged that InvenSense (NYSE: INVN) experienced a larger than expected bump from its newly-won Apple exposure. However, he said the stock "seems fully valued" and would look for a better entry point.
Moore currently rates InvenSense at Equal-weight and has raised his base case price target from $21 to $24. Additionally, he has raised his fiscal-year 2015 EPS estimate from $0.70 to $0.80 and his 2016 estimate to $1, which is only slightly above consensus ($0.97).
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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