Hot Stocks Outlook for the Week of January 8th, 2017
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 Methanex ($MEOH), Abraxas Petroleum ($AXAS), PDC Energy ($PDCE), Portland General Electric Company ($POR), and FirstEnergy ($FE).
This Week’s Hot Stocks Outlook
Methanex ($MEOH) had a predictive moving average crossover to the upside in late-November indicating a bullish trend. When that blue line crossed above the black line, VantagePoint users knew they could start taking long positions in this market. Since VantagePoint predicted that crossover to the upside, the market was up over 24% in 26 trading days or $12.59 per share.
Abraxas Petroleum ($AXAS)
Abraxas petroleum ($AXAS) also had a crossover to the upside in mid-December. This indicated to traders that a bullish trend was starting. The Neural Index also moved into the “one” position confirming that market strength over the short-term. Because of the VantagePoint indicators, traders knew they could begin taking long positions in this market. And this proved to be an excellent trade for a very inexpensive stock. In 9 trading days, the market was up over 21% or almost 50 cents per share.
PDC Energy ($PDCE)
PDC Energy ($PDCE) had a bullish crossover in early-December and had a really great uptick since that cross. Despite a period of slight consolidation at the beginning of the run, the blue line never crossed below the black line. This meant that traders knew with confidence that the bullish trend was expected to. In 14 trading days, the market was up almost 19% or almost $8.30 per share.
Portland General Electric Company ($POR)
Portland General Electric Company ($POR) followed the opposite pattern. It had a crossover to the downside and traders knew right away that the bearish trend was starting. VantagePoint makes it simple- traders knew this when the blue line crossed below the black line. The Neural Index also moved to a “zero” position confirming that short-term weakness. In 16 trading days, the market was up down by 8.70% or $4.25 per share.
FirstEnergy ($FE) also had a crossover to the downside in late-November. Since that crossover of the blue line 2 months ago, the market was down almost 11% or $3.69 per share in 23 trading days. But, traders using VantagePoint were able to make substantial profits by following the key indicators within VantagePoint and shorting this market.
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.