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.
Priceline Group Inc (NASDAQ:PCLN) shares are trading lower by $80.00 (4 percent) at $1831.13 in Wednesday's session.
After Tuesday's close, the company reported a Q1 beat of $0.99 but came up shy for revenues by $30 million. The Street appears to be putting much more emphasis on the revenue shortfall as opposed to the solid EPS beat.
Priceline's much lower opening tick of $1853.78 has turned out to be the exact high for the session. The follow-through on the decline took the stock to $1801.00, but it managed to rebound to the $1820.00 area. That low coincides with its April 27 low of $1800.28.
Just two days ago, Priceline's stock made its all-time high at $1927.13 and posted its all-time closing high Tuesday at $1911.12.
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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