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.
Wall Street analysts initiated coverage on Wingstop Inc (NASDAQ: WING); Wingstop is a fairly new franchise that operates restaurants who specialized with a unique hand-sauce and tossed chicken wings. The franchisor was introduced to NASDAQ on June 12th; soaring 61 percent on its offering, the stock has gained much popularity. Here is what Wall Street analysts had to add:
Goldman Sachs - Initiated Wingstop with Neutral rating alongside a price target of $22.
Morgan Stanley - Initiated with Overweight rating; $42 price target.
Wells Fargo - Initiated with Market Perform rating; $28-$30 price target range.
Barclays - Initiated with Equal-weight rating; $25 price target.
Jefferies Group - Initiated with Buy rating; $33 price target.
Baird Capital - Initiated with Outperform rating; $35 price target.
Summary: 1 Neutral, 1 Market Perform, 1 Equal-weight, 1 Buy, 1 Overweight, and 1 Outperform rating.
Another notable initiation was for Fitbit Inc (NYSE: FIT):
Baird Capital - Initiated with Outperform rating; $52 price target.
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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