EnerSys Stages Monster Rally After Buyout Rumors Surface


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.


 

EnerSys (NYSE: ENS) rallies from Monday's close ($58.88) to $66.95.
Catalyst is the company may be in talks with Johnson Controls (NYSE: JCI) to be acquired.
Current high is shy of its July 17 high ($67.33).
Was trading in the lower $59's before the rumor surfaced, now at $62.


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: TechnicalsIntraday UpdateMoversTrading Ideas