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.
Hertz Global Holdings, Inc (NYSE:HTZ) shares are trading lower by $0.65 (4 percent) at $17.16 in Friday's session. The car rental agency shares have been a disaster since it reorganized in June 2106. After a rally to $53.24 in July, the stock has been under constant selling pressure.
Hertz initial plunge took it all the way to $17.20 in November. Following a rebound to $29.36 in December, the stock has revisited that low in today's session, reaching $17.12 and struggling to distance itself from that low.
It should be noted, on that day in November, the issue was extremely volatile following its worse-than-expected Q3 report and warned that FY 2016 results would come in under Wall Street estimates.
In an extremely volatile session, the issue swooned from its previous day close of $35.74 to $17.70, but rebounded to end the day at $27.70.
Barring a remarkable comeback, the issue will end the day at a new all-time closing low since the reorganization if it closes below Thursday's close of $17.81.
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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