Piper Jaffray Downgrades ReachLocal To Neutral

by Benzinga Staff
August 7, 2014 7:40 AM | 16 seconds read | Make a Comment

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.

Analysts at Piper Jaffray downgraded ReachLocal (NASDAQ: RLOC) from Overweight to Neutral.The target price for ReachLocal has been lowered from $12.00 to $5.00.ReachLocal shares have dropped 55.09% over the past 52 weeks, while the S&P 500 index has gained 13.56% in the same period.ReachLocal's shares surged 2.24% to close at $6.40 yesterday.

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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Posted In: DowngradesAnalyst RatingsPiper Jaffray

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