Hot Stocks Outlook for the Week of July 13th, 2018
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 Dean Foods ($DF), Hornbeck Offshore Services ($HOS), BioScrip Inc ($BIOS), Las Vegas Sands ($LVS), and Canadian Solar ($CSIQ).
This Week’s Hot Stocks Outlook
Dean Foods ($DF) had a predictive moving average crossover to the upside in early-June 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. There was a small period of consolidation during late June, but that uptrend continued. In 21 trading days, $DF was up almost 11% or $1.07 per share.
Hornbeck Offshore Services ($HOS) follows a similar pattern to the upside. The market had a crossover to the upside in early-June when that blue line made the cross above the black line. The neural index also reflected that short-term strength. Despite a long stretch of sideways movement, the overall trend was to the upside and traders using VantagePoint knew to continue going long. Since that crossover, the market had a great run and was up over 48% in 23 trading days or $1.61 per share.
BioScrip Inc ($BIOS) follows this pattern. Despite whatever trading strategy that traders are following, that blue line crossed above the black line and was a clear indication that an uptrend was beginning. This bullish trend continued and since that crossover 18 trading days ago, $BIOS was up 19.68% or $0.52 per share.
Las Vegas Sands ($LVS) follows the same idea, but to the downside. That market had a bearish crossover in late-June. Traders knew, with confidence, that they could begin shorting the market when that crossover of the blue line below the black line Since that crossover of the blue line 13 trading days ago, the market was down almost 10% or $7.84 per share.
Canadian Solar ($CSIQ) is basically the same as the others on both the short and long side of the market. This market had a very clear crossover to the down in late-May and then an uptrend crossover in late June. To the downside, the market lost 27.61% per share in 18 trading days. And to the upside, this market was up almost 10%.