Hot Stocks Outlook for the Week of April 23rd, 2018
The Hot Stocks Outlook uses VantagePoint 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 Alcoa ($AA), Best Buy ($BBY), Urban Outfitters ($URBN), Bristol-Myers Squibb ($BMY), Valero Energy ($VLO) and Exxon Mobil ($XOM).
This Week’s Hot Stocks Outlook
Alcoa ($AA) had a predictive moving average crossover to the upside in early-April indicating a bullish trend. As soon as the blue line crossed above the black line, VantagePoint users knew they should start taking long positions in this market. The Neural Index also supported that move to the upside. In 10 trading days, $AA was up 26.00% or $12.26 per share.
Best Buy ($BBY)
Best Buy ($BBY) follows a similar pattern. It had a crossover to the upside in late-March when that blue line made the cross above the black line. The neural index also reflected that strength. All of this indicated to traders that the trend was now up and to go in and start going long. Since that crossover, the market was up almost 10% in 14 trading days or $6.34 per share.
Urban Outfitters ($URBN)
Urban Outfitters ($URBN) also had a bullish crossover in mid-March. The Neural Index also supported that move up. In 19 trading days, $URBN was up 9.86% or $3.56 per share.
Bristol-Myers Squibb ($BMY)
Bristol-Myers Squibb ($BMY) follows the same idea, but to the downside. That market had a bearish crossover in MID-March, and then had a bit of sideways movement early on before moving significantly lower. But traders knew they could begin shorting this market when the predictive indicators in VantagePoint showed that crossover to the downside. Since that crossover of the blue line 22 trading days ago, the market was down over 21% or $14.37 per share.
Valero Energy ($VLO)
Valero Energy ($VLO) had a very clear crossover to the upside. When the blue line crossed above the black line, that’s when traders new the trend was beginning and to start going long. It’s that simple! Looking at just last week, the market was up 13.71% or $12.97 per share.
Exxon Mobil ($XOM)
Lastly, we have Exxon Mobil ($XOM), which is a very similar trade to Valero Energy. The blue line crossed above the black line and this move indicated to traders that the bullish trend was beginning. In 11 trading days, the market was up almost 7% or $5.12 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, helping traders get into the right side of trades at just the right time.