Hot Stocks Outlook for the Week of February 8th, 2019
VantagePoint Software reviews five fresh stocks each week. 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 VantagePoint review video, we analyze forecasts for Skechers USA ($SKX), Crocs ($CROX), Monster Beverage ($MNST), AvalonBay Communities ($AVB) and Ulta Salon, Cosmetics & Fragrance ($ULTA).
This Week’s Hot Stocks Outlook
Skechers ($SKX) had a predictive moving average crossover to the upside in late-December indicating a bullish trend. As soon as the blue line (predictive moving average) crossed above the black line (simple moving average), Vantagepoint Power Traders knew they should start taking long positions in this market because the trend was moving higher. In 32 trading days, this market was up 41.08% or $9.49 per share.
Crocs ($CROX) follows the same idea (yes, it’s really that simple!) but to the downside. $CROX had a crossover to the downside in mid-January when that blue line made the cross below the black line. The neural index also reflected that short-term weakness moving from green to red. In 16 trading days, this market was down 8.77% or $2.60 per share.
Monster Beverage ($MNST) follows the same idea as Skechers. Traders can easily see that blue line cross above the black line in early-January, which was a clear indication that a bullish trend was beginning. Traders on the right side of that trend got some great profit. In 27 trading days, $MNST was up 19.41% or $9.62 per share.
AvalonBay Communities ($AVB) is like the others and has been having a great bullish run with no signs of slowing down. Traders knew, with confidence, that they could begin going long in this market when that crossover of the blue line above the black line.
Ulta Salon, Cosmetics & Fragrance ($ULTA) is our last trend to the upside this week and had a great run just like AVB. In fact, we featured this market in last week’s outlook too. The market had a bullish crossover when that blue line crossed above the black line starting in late-December. VantagePoint Power Traders received double confirmation of a bullish trend once that neural index went from red to green. In 30 trading days, $ULTA was up 26.19% or $63.19 per share.