Hot Stocks Outlook for the Week of June 29th, 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 Kroger ($KR), Range Resources ($RRC), Darden Restaurants ($DRI), New York Times Company ($NYT), and Gray Television ($GTN).
This Week’s Hot Stocks Outlook
Kroger ($KR) 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. The Neural Index also supported that move to the upside. In 17 trading days, $KR was up almost 18% or $4.27 per share.
Range Resources ($RRC) follows a similar pattern to the upside. The market had a crossover to the upside in late-April when that blue line made the cross above the black line. The neural index also reflected that short-term strength. All of this indicated to traders that the uptrend was beginning and to start going long in this particular market. Since that crossover, the market had a great run and was up over 20% in 42 trading days or $2.81 per share.
Darden ($DRI) also had a bullish crossover in late-May and also had a great run. 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. Despite a very early period of consolidation, the trend was still bullish and had a big gap up around mid-June. Since that crossover 22 trading days ago, $DRI was up a whopping 21.04% or $18.40 per share.
New York Times Company ($NYT) follows the same idea. That market had a bullish crossover in early-June. 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. Since that crossover of the blue line 15 trading days ago, the market was up almost 12% or $2.68 per share.
Gray Television ($GTN) is basically the same as the last. This market had a very clear crossover to the upside in early-June. 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 13 trading days, Gray Television was up 41.36% or $4.73 per share.