Hot Stocks Outlook for the Week of August 24th, 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 Discover Financial Services ($DFS), Fastenal ($FAST), Progressive ($PGR), Total System Services ($TSS), and Walmart ($WMT).
This Week’s Hot Stocks Outlook
Discover Financial Services ($DFS)
Discover Financial Services ($DFS) had a predictive moving average crossover to the upside in early-August 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 because the trend was bullish. In 13 trading days, $DFS was up 8.43% or $6.14 per share.
Fastenal ($FAST)
Fastenal ($FAST) follows a similar pattern. The market had a crossover to the upside in early-August when that blue line made the cross above the black line. The neural index also reflected that short-term strength moving from red to green. Since that bullish crossover, the market was up almost 7% in 11 trading days or $3.74 per share.
Progressive ($PGR)
Progressive ($PGR) follows this pattern also. Despite whatever trading strategy that traders are following, that blue line crossed above the black line and was a clear indication that a bullish trend was beginning. That trend has continued since the end of July. In 16 trading day, $PGR was up 10.40% or $6.29 per share.
Total System Services ($TSS)
Total System Services ($TSS) follows the idea of $PGR, but for a much longer trend.. That market had a bullish crossover in early-July. Traders knew, with confidence, that they could begin going long in this market when that crossover of the blue line above the black line. Remember, the trend is your friend! Since that crossover of the blue line 33 trading days ago, the market was up almost 12% or $9.71 per share.
Walmart ($WMT)
Walmart ($WMT) had the blue line cross above the black line starting in early-July indicating to traders that the trend was bullish and to start going long in the markets. Despite a long period of consolidation, the lines never crossed and the trend remained bullish. Then you see that huge gap up in mid-August. In 31 trading days, the market was up 11% or $9.51 per share.
