Hot Stocks Outlook for the Week of April 6th, 2018
The Hot Stocks Outlook uses VantagePoint market forecasts that are up to 87.4% accurate to demonstrate how traders can improve their timing and direction. In this week’s video, we analyze forecasts for Boston Beer ($SAM), Huntington Bancshares ($HBAN), Marvell ($MRVL), NextEra Energy ($NEE), and Pitney Bowes ($PBI).
This Week’s Hot Stocks Outlook
Boston Beer ($SAM)
Boston Beer ($SAM) had a predictive moving average crossover to the upside in early-March 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. Looking at a bigger bearish move at the middle of the month, $HBAN was down 9.05% in 8 trading days or $1.45 per share.
Huntington Bancshares ($HBAN)
Huntington Bancshares ($HBAN) had a crossover to the downside in mid-March when that blue line made the cross below the black line. The neural index also reflected that weakness. Since that crossover, the market was down almost 5% in 12 trading days or $3.04 per share. VantagePoint Software reviews the financial sector constantly and the software indicated that traders needed to be going short, not long in this market.
Marvell ($MRVL)
Tech stocks are also showing a move to the downside. Marvell ($MRVL) had a bearish crossover in mid-March. The Neural Index also supported that move down. In 13 trading days, $MRVL was down 11.01% or $2.58 per share.
NextEra Energy ($NEE)
NextEra Energy ($NEE) follows the same idea, but to the upside. That market had a bullish crossover in early-March, and then had quite a bit of sideways movement early on before moving higher. But traders knew they could begin going long in this market when the predictive indicators in VantagePoint showed that crossover. Since that crossover of the blue line 18 trading days ago, the market was up almost 6% or $8.84 per share.
Pitney Bowes ($PBI)
Lastly, we have Pitney Bowes ($PBI) which had a very clear crossover to the downside. When the blue line crossed below the black line, that’s when traders new the trend was over and to stop going long. It’s that simple! Since that crossover, the market was down 12% in 13 trading days or $1.50 per share.
