November 18, 2014 8:05 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 Tuesday, Bank of America analyst Lorraine Hutchinson reiterated a Buy rating on
Urban Outfitters (NASDAQ: URBN), but lowered the price target from $40.00 to $35.00.In the report, Bank of America noted, “Urban Inc. reported 3Q15 EPS of $0.35, below our estimate of $0.40. The miss was driven by lower gross margin, partly offset by higher comps. Comps fell 1% in the quarter, as positive comp growth at Free People (+15%) and Anthropologie (+2%) was offset by continued weakness at Urban Outfitters brand (-7%). September was particularly soft but results improved in October and management has seen continued strength into November. We are lowering our F2015 EPS estimate by 7c to $1.62 to reflect the miss and cutting our PO by $5 to $35 to reflect our new estimates. We continue to view URBN as a strong long-term growth story and maintain our Buy rating.”Urban Outfitters closed on Monday at $30.83.
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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