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 Spectrum Pharmaceuticals ($SPPI), Pulte Homes ($PHM), Ensco Int’l ($ESV), Himax Technologies ($HIMX), Iconix Brand Group ($ICON), and Analog Devices ($ADI).
This Week’s Hot Stocks Outlook
Spectrum Pharmaceuticals ($SPPI) had a crossover at the beginning of February. Prices were around $4.70 before a 24 trading-day trend provided a 33.32% increase in price. The market is now trading around $6.30. We also see the VantagePoint neural index in the “zero” position for the last few days and a narrowing between the blue and black lines.
Pulte Homes ($PHM) was featured in last week’s Hot Stocks Outlook. We identified a huge uptick in late January that saw prices climb $3 in one week. After some bearish days that brought the two lines together, but never indicated a crossover, the market took off again. Including this week’s gains, $PHM has grown more than 23% since the initial crossover 43 trading days ago.
Ensco Int’l ($ESV) saw a bearish crossover in the middle of January. Prices were around $11.20. They would climb as high as $11.80 and threaten a second crossover. But, VantagePoint was able to identify the short-term trend was just a smoke screen for the overall bearish bias in the market. Prices have since fallen $2.53 in the last 35 trading days, a 22.47% decline.
Himax Technologies ($HIMX) was trading around $5.20 when VantagePoint indicated a fresh bull crossover. In less than two weeks, prices rose by $2 before flattening out for the rest of February. The market came back to life this week as prices rose 8% in two days. That brings the total gains to more than 41% in the last 16 trading days.
Iconix Brand Group ($ICON) had a bearish crossover in late January. That move was immediately contested by a short surge. But the trend remained in place to the downside as we saw prices fall nearly $2.50 over the last 26 trading days. The 24.61% loss has prices now trading around $7.40.
Analog Devices ($ADI) showed some bullish momentum in mid-January when prices were around $72. Over the next 36 trading days, prices grew nearly $11.50 and gained nearly 16% in value. Ae we get ready to close out this week we see prices around the $84 range.
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.