Hot Stocks Outlook for the Week of April 26th, 2019
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 The Children’s Place ($PLCE), Wheaton Precious Metals Group ($WPM), Incyte Corporation ($INCY), Spirit Airlines ($SAVE) and ConAgra Brands ($CAG).
This Week’s Hot Stocks Outlook
The Children’s Place. ($PLCE) is an American specialty retailer of children’s apparel and accessories. The company also markets apparel under the Children’s Place, Place, and Baby Place brand names. They have a market cap of $1.7 billion. Over the last year, they have had a trading range of 82.05 on the low and $160.23 for the high. 20 sessions ago the predictive crossover and NeuralNet indicator signaled an uptrend. In that time frame, the market has rallied sharply. PowerTraders are sitting on healthy profits of over $21 per share. Any weakness below the predictive blue line has been a great opportunity to get long. Swing traders have had numerous opportunities to aggressively position themselves for short term gains by selling the predictive highs. NeuralNet remains green indicating that more of the same lies directly ahead.
Wheaton Precious Metals Group ($WPM) has a market cap of 9.51 billion. Over the past 52 weeks, it has traded as low as 15.08 and as high as 25.24. This stock is a good indicator of the weakness we have been seeing across the precious metal sector. 17 days ago the artificial intelligence signaled a downtrend. In that time frame, the market has fallen over 10% or $2 per share. Predictive moving average is negative. NeuralNet is also red indicating weakness. Swing traders have been shorting this market as this stocks rallies into the red zone. Power Traders are very effectively using the predictive highs to get short this market and cover their positions at the predictive low a few days later.
Spirit Airlines along with other airlines are doing well. Over the last three weeks, the ai signaled a bullish signal when the NeuralNet and predictive moving averages turned up. The market has rallied roughly 10%. PowerTraders are using weakness into the green zone to buy this market and sell into strength at the predictive highs. At the present time, all systems are green indicating more strength is anticipated ahead.
Incyte Corp is an American pharmaceutical company based in Alapocas, Delaware. The company was founded in Palo Alto, California in 1991 and went public in 1993. They have a Market Cap of $15.84 billion. A nice opportunity to short the market. The NeuralNet indicator is also Bearish. Past 12 days has shown a 10.69% decrease. Power traders are expecting more weakness ahead.
ConAgra Brands ($CAG) over the last year has had a 17 point range. The artificial intelligence signaled a bullish uptrend 28 trading sessions ago at $23 a share. Currently, the market is over $31 a share and PowerTraders are clearly in the drivers seat. Over the last 24 trading sessions, the market has rallied sharply. NeuralNet and the predictive moving average crossover are positive. Use weakness to get long. Higher Highs and Higher lows are the textbook definition of an uptrend and we are seeing that in this market right now.