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 Cincinnati Financial ($CINF), Medtronic ($MDT), Best Buy ($BBY), Pacira Pharmaceuticals ($PCRX), and Ubiquiti Networks ($UBNT).
This Week’s Hot Stocks Outlook
Cincinnati Financial ($CINF) had a predictive moving average crossover to the upside in mid-July indicating a bullish trend. Additionally, the VantagePoint Neural Index moved to a “one” position indicating short term strength within the next 48 hours. Since that crossover, the market was up 10.98% in 17 trading days or $7.94 per share. The blue line has not crossed below the black line so traders can expect this bullish trend to continue and they can continue to go long.
Medtronic ($MDT) had a predictive moving average crossover to the downside in late June indicating a bearish trend. The Neural Index also moved into the zero position confirming the trend’s weakness. Traders were able to short this market for profit using the VantagePoint predictive next day highs and lows. In 28 trading days, $MDT was down 5.55%, or $4.93 per share.
Best Buy ($BBY) had a crossover to the upside in late-July and the Neural Index moved to a “one” position indicating that the market was expected to strengthen over the short. This is a clear indication to traders that they can start going long in this market.
Pacira Pharmaceuticals ($PCRX) had a bearish crossover in July indicating to traders they could start taking short. The Neural Index also moved to a “zero” position indicating short-term weakness in this particular market. In 17 trading days, the market was down $12.80 per share or over 25%.
Ubiquiti Networks ($UBNT) had a bullish crossover to the upside in mid-July. Despite some sideways movement, that blue line never crossed below the black line so traders knew the trend wasn’t over. In 15 trading days, the market was up over 27%, or $14.37 per share.
About the Hot Stocks Outlook
The Hot Stocks Outlook is a weekly video series. It’s designed to show traders how improving their timing is the key to maximizing gains and minimizing losses. VantagePoint Trading Software identifies trend reversals with up to 86% accuracy using the power of Artificial Intelligence. This helps traders get into the right side of trades at just the right time.