UPDATE: D.A. Davidson Reiterates On Powell Industries On Near-Term Margin Complications

by Benzinga Staff
August 7, 2014 9:41 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 Thursday, D.A. Davidson analyst Brent Thielman reiterated a Buy rating on Powell Industries (NASDAQ: POWL), but lowered the price target from $80.00 to $70.00.In the report, D.A. Davidson noted, “Powell Industries reported Q3 EPS of $0.24 from continuing operations compared to $0.76 last year. This was well below our forecast of $0.89 and consensus of $0.77. Margins declined due to headwinds in its Canadian operation as the company ramps production at its new facility, deferring revenue into Q4 and 2015. Additionally, schedule changes on certain U.S. projects led to lower than expected sales.”Powell Industries closed on Wednesday at $52.70.

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: Analyst ColorPrice TargetAnalyst RatingsBrent ThielmanD.A. Davidson

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