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.
Lumentum Holdings Inc (NASDAQ:LITE) shares are trading higher by $4.00 (8.7 percent) at $44.20 in Wednesday's session.
After the close on Tuesday, the company confirmed earlier leaked Q3 EPS guidance that was above estimates of $0.47, in the $0.46 to $0.54 range. Estimated sales came in the $250-$265 million range vs. estimates of $264.5 million.
The Street is focusing on the higher EPS guidance and pushed the issue to a new all-time high. After a higher open, it retreated only a dime to $41.90 before continuing its move higher. The follow-through rally has taken the issue to a new all-time high ($46.20), surpassing its former all-time high from October at $45.25.
In order to post a new all-time closing high, it would need to end the session above it October 6 close of $44.48.
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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