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 Wynn Resorts, Limited (NASDAQ: WYNN) were trading up 10 percent on Thursday, continuing with the strong surge experienced over the past three months that saw the stock gain more than 48 percent.
Despite such a run-up, the Vetr crowd seems to believe the stock still has upside potential left. Top raters at the Vetr community upgraded the stock’s rating on Thursday, from 4.0 Stars to 4.5 Stars - out of a possible 5.0 Star rating.
Related link: Here's How Crowdsourced Ratings Can Beat The Market
The crowd has established a consensus price target of $107.11, which implies an upside of roughly 7 percent from current stock prices.
However, it should be noted that only 53 percent of the crowd's ratings are bullish.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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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