Hot Stocks Outlook for the Week of April 27th, 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 Scientific Games Corporation ($SGMS), Xerox ($XRX), Best Buy ($BBY), Newfield Exploration Co ($NFX), and Abraxas Petroleum ($AXAS).
This Week’s Hot Stocks Outlook
Scientific Games Corporation ($SGMS) 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 11 trading days, $SGMS was up 19.03% or $7.98 per share.
Xerox ($XRX) follows a similar pattern. It had a crossover to the upside in early-April 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 9% in 9 trading days or $2.39 per share.
Best Buy ($BBY) also had a bullish crossover in late-March. Despite the choppy price action, the uptrend continued and VantagePoint indicated this. That blue line never crossed below that black line. Traders knew, with confidence, to continue going long.
Newfield Exploration Co ($NFX) follows the same idea. That market had a bullish crossover in early-April, and then had a bit of sideways movement early on before moving higher. But traders knew they could begin going long this market when the predictive indicators in VantagePoint showed that crossover to the upside. Since that crossover of the blue line 14 trading days ago, the market was up over 22% or $5.32 per share.
Abraxas Petroleum ($AXAS) 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 the last two weeks, the market was up 25.46% or 58 cents per share.