January 29, 2016 10:23 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.
Shares of
Abercrombie & Fitch Co. (NYSE: ANF) have failed to gain any momentum over the past years as the struggling retailer struggles to re-identify its image within the rapidly changing teen retailer space.Meanwhile, the Vetr crowd
upgraded Abercrombie & Fitch's stock rating to 2-stars out of a possible 5-stars. In fact, shares of Abercrombie & Fitch have fallen to $25.54 since the prior rating of $1.5-stars was issued 70 days ago.Related link: Here's how crowdsourced ratings can beat the market.Even though the Vetr crowd upgraded Abercrombie & Fitch's rating, its 2-star stock rating still lies in 'Sell' territory. Accordingly, 88 percent of the crowd's ratings are bearish and the crowd sourced price target of $22.91 implies a potential downside of more than 10 percent.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.