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.
The analyst believes that pipeline should provide enough upside and looks forward for billing strength in the second half of the current year.
Although the stock recovered modestly compared to what it was in the early part of the year, the stock is trading down by about 18 percent on a year-to-date basis compared to the Nasdaq.
"We expect mid-high-single-digit duration impact on Q2 billings. Business mix is also getting more back-end weighted toward 2H," the analyst said.
The brokerage pointed out that its recent checks with the customers and partners suggested that add-on products were purchased on a selective basis.
In the last four quarters, Box earnings provided positive surprise between 0.0 percent and 25.0 percent. Currently, Street analysts expect the company to suffer a loss of $0.19 a share on revenue of $94.65 million.
At time of writing, Box was up 0.16 percent on the day, trading at $12.91.
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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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