Hot Stocks Outlook for the Week of March 9th, 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 Autodesk ($ADSK), AMAG Pharmaceuticals ($AMAG), Newfield Exploration Co. ($NFX), Progenics Pharmaceuticals ($PGNX), and SCANA ($SCG).
This Week’s Hot Stocks Outlook
Autodesk ($ADSK) had a predictive moving average crossover to the upside in mid-February indicating a bullish trend. There was a bit of sideways movement, but when that 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. Since VantagePoint Software reviewed this bullish move of $ADSK, the market was up 23.70% in 14 trading days or $26.37 per share.
AMAG Pharmaceuticals ($AMAG) also had a crossover to the upside in mid-February when that blue line made the cross above the black line. This was a great indication to traders that it was a great time to be buying shares of $AMAG. Since that crossover, the market was up almost 51% in 16 trading days or $6.80 per share. VantagePoint Software reviews this market constantly and indicated that traders needed to be going long, not short. And wow did it pay off!.
Newfield Exploration Co. ($NFX)
Newfield Exploration Co. ($NFX) follows the same general principle, but to the inverse. It had a bearish crossover in late-January. This was a clear indicator for traders to begin taking short positions. The Neural Index also supported that move. In 34 trading days, $NFX was down 32.53% or $11.11 per share. Despite a bit of sideways movement very early on, the forecasts in VantagePoint never wavered from that downtrend.
Progenics Pharmaceuticals ($PGNX)
Progenics Pharmaceuticals ($PGNX) had a really had a great bull run. That market had a crossover to the upside in mid-February. Traders knew they could begin going long in the market. Since that crossover of the blue line 15 trading days ago, the market was up almost 31% or $1.67 per share.
SCANA ($SCG) had a bullish crossover in mid-February as well. When the blue line crossed above the black line, that’s when traders new the trend was changing and ride that trend wave. Despite some sideways movement very early on (as detected by the neural index), the line never crossed again so traders knew that uptrend wasn’t over yet. Since that crossover, the market was up 12.06% in 13 trading days, or $4.48 per share.
