Hot Stocks Outlook for the Week of June 15th, 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 Boston Scientific ($BSX), Tesla Motors ($TSLA), First Solar ($FSLR), Netflix ($NFLX), and Genworth Financial ($GNW).
This Week’s Hot Stocks Outlook
Boston Scientific ($BSX) had a predictive moving average crossover to the upside in mid-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. Despite multiple periods of consolidation, the trend was always to the upside. In 48 trading days, $BSX was up almost 15% or $4.09 per share.
Tesla Motors ($TSLA) follows a similar pattern. The market had a crossover to the upside in late-May 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 uptrend was beginning and to start going long in this market. Since that crossover, the market was up over 21% in 10 trading days or $59.88 per share.
First Solar ($FSLR) had a bearish crossover in late-May. Despite whatever trading strategy that traders are following, that blue line crossed below the black line and was a clear indication that an downtrend was beginning. Despite an early period of consolidation, the trend was still very bearish, as you can see with the chart. Since that crossover 16 trading days ago, $FSLR was down 26.11% or $18.57 per share.
Netflix ($NFLX) follows the same idea to the upside. That market had a bullish crossover in mid-May. Traders knew, with confidence, that they could begin going long in the market when the predictive indicators in VantagePoint showed that crossover to the upside. Despite some sideways movement very early on, the trend was still very much to the upside. Since that crossover of the blue line 15 trading days ago, the market was up almost 16% or $51.79 per share.
Genworth Financial ($GNW) is having a really great run. This market had a very clear crossover to the upside in late-April. When the blue line crossed above the black line, that’s when traders new the trend was beginning and to go long in the market. It’s that simple! In 35 trading days, Genworth Financial was up 68.33% or $1.92 per share.