August 13, 2014 7:01 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.
Cree (NASDAQ: CREE) shares fell in the extended session Tuesday when the company offered a disappointing forecast for its fiscal first quarter.The light-emitting diode maker's fiscal fourth quarter revenue grew 16 percent to slightly below Wall Street consensus, while earnings increased 6 percent in line with expectations.Cree forecast fiscal first-quarter adjusted earnings of $0.40 to $0.45 a share on revenue of $440 million to $465 million. Wall Street expected $0.46 cents a share on revenue of $469.78 million.During the recent period, Cree's operating margin narrowed to 7.3 percent from 8.2 percent a year earlier.Adjusted income grew to $51.3 million or $0.42 a share, from $45.6 million or $0.38 a share in the year-earlier period. Revenue rose to $436.3 million from $375 million.Analysts expected adjusted earnings of $0.41 on revenue of $444.1 million.In the after-hours session, Cree fell six percent to $46.15 a 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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