The Hot Stocks Outlook uses VantagePoint’s market forecasts that are up to 86% accurate to demonstrate how traders can improve their timing and direction. In this week’s video, we analyze forecasts for Tesla Motors ($TSLA), Pulte Homes ($PHM), Hess ($HES), Legg Mason ($LM), and Himax Technologies ($HIMX).
This Week’s Hot Stocks Outlook
Tesla Motors ($TSLA) has been in a bullish trend since the first half of December. Prices were around $190 when VantagePoint indicated a new crossover. The trend has climbed evenly except for some volatility at the end of January. Overall the market has moved up more than $89 in 46 trading days. That’s nearly 47% in that time frame.
Pulte Homes ($PHM) saw a bullish crossover in early January with prices around $18.80. That trend was met with bearish momentum two days into the trend, according to the VantagePoint neural index. Without an actual crossover, the trend picked up steam and jumped $2 in the last week of January alone. Overall, the 29-trading-day trend has seen a 14.40% increase since the initial crossover. It is now trading around $21.50.
Hess ($HES) is making another appearance on the Hot Stocks Outlook. This bear trend started at the beginning of January with prices around $63. We’ve seen a consistent fall in price over the last 32 trading days. After losing $11.73, or 18.67%, $HES is now closing in on $51.
Legg Mason ($LM) continues the trend of bullish trends starting at the beginning of the year. In the case of $LM, prices were around $31 when the trend started. We saw a dip in the VantagePoint neural index after three straight bearish days in late January, but no crossover. The market was able to recover and has climbed close to $35.50. That’s a 15.28% gain in 28 trading days.
Himax Technologies ($HIMX) is showing a new bull trend. The crossover for $HIMX didn’t occur until February 10. However, that hasn’t stopped the market from providing great returns already. In just the four trading days since the crossover, the $HIMX has jumped from $5.10 up to nearly $6.50. That’s a $25.97% gain.
About the Hot Stocks Outlook
The Hot Stocks Outlook is a weekly video series. Its design is to show traders how improving their timing is the key to maximizing gains and minimizing losses. VantagePoint Trading Software identifies trend reversals with unmatched accuracy, helping traders get into the right side of trades at the right time.