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 Adobe ($ADBE), Goodyear Tire & Rubber ($GT), Apple ($AAPL), Exxon Mobil ($XOM), Chico’s ($CHS) and Wabash National Corp ($WNC).
This Week’s Hot Stocks Outlook
Adobe ($ADBE) had a crossover in early January with prices around $104. The trend has steadily climbed for the last 32 trading days with just a single multi-day period of a down neural index. The market has seen a 12.82% gain in that time period as the market is now closing in on $120.
Goodyear Tire & Rubber ($GT) saw a steady increase after VantagePoint indicated a bullish crossover in late January. Prices rose from $31 to around $32.50 by the middle of February. The market skyrocketed just before Valentine’s Day with prices jumping to 35.50. Things have started to settle down around the $36 range. That’s a 15.72% gain in 20 trading days.
Apple’s ($AAPL) bullish trend started back in December of 2016. Prices were around $112. The market rose steadily for the rest of the month before VantagePoint indicated some volatility that created a narrowing of the blue and black lines. Without a crossover, traders should have remained in the trade and were rewarded when the market gapped up from $121 to $128 in early February. The market has continued to climb and is now up more than $26 in 51 trading days. That’s a 23.67% increase.
Exxon Mobil ($XOM) was featured on the Hot Stocks Outlook a few weeks ago. The bearish trend continues to fall after the early January crossover. The market has now lost more than 10% of its value in the last 36 trading days. Prices are crossing below $81 after starting at $90.50 at the start of the move.
Chico’s ($CHS) is another market previously featured in a Hot Stocks Outlook video. We covered the 15% downtrend that saw the market drop $2.39 in 28 trading days. But, we included $CHS this week thanks to the bull trend that has since formed. The crossover to the upside happened at the beginning of February with prices around $13.40. A nice gap up this week has allowed the market to gain back nearly 12% of its losses. That $1.60 gain took just 13 trading days. There also appears to be separation between the two lines. This indicates VantagePoint is forecasting the trend to continue into the early part of next week.
Wabash National Corp ($WNC) is our last repeat of the week. This trend dates back to early November and has been the longest trend we’ve covered in a Hot Stocks Outlook video. In the 68 trading days, this trade lasted, the market grew 85.44%. What started around $11 peaked over $21.50 before losing momentum earlier this week. There are clear signs of consolidation on our chart but without a crossover, VantagePoint does not suggest getting out of a position. This strategy will allow traders to realize the full profit potential of these long trends.
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.