October 23, 2014 9:59 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, Credit Suisse analyst Arun Jayaram reiterated an Underperform rating on
Southwestern Energy Company (NYSE: SWN), but lowered the price target from $41.00 to $36.00.In the report, Credit Suisse noted, “Mixed emotions. While we applaud SWN management for making a bold acquisition that plays to the company's core strength (i.e., efficient development of unconventional U.S. resources by harnessing their technical and midstream prowess), we believe it comes at too high of a purchase price as the transaction looks meaningfully dilutive to our NAV and cash flow forecasts. Given rapidly deteriorating natural gas fundamentals, we believe SWN shares are poised to lag its peers, particularly with an equity overhang looming. Lowering target price to $36 from $41 to reflect dilution from the CHK acquisition.”Southwestern Energy Company closed on Wednesday at $32.54.
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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