Hot Stocks Outlook for the Week of March 1st, 2019
VantagePoint Software reviews five fresh stocks each week. 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 VantagePoint review video, we analyze forecasts for Palo Alto Networks (PANW), Reliance Steel and Aluminum (RS), Lockheed Martin (LMT), Nike (NIKE) and ROKU (ROKU).
This Week’s Hot Stocks Outlook
Over the last several days Wall Street Analysts are loving Palo Alto Networks (PANW) as the company has announced strong fiscal second quarter 2019 results. PANW had a predictive moving average crossover to the upside on December 28th at $181 indicating a bullish trend. The stock closed Wednesday at 254.88. This equates to a 40% profit move in 41 trading sessions.
As soon as the blue line (predictive moving average) crossed above the black line (simple moving average), Vantagepoint Power Traders knew they should start taking long positions in this market because the trend was moving higher. PANW has rewarded Vantagepoint Power traders with profits of $74.54 per share. Let the trend be your friend! Great short term swing trading opportunities in this trend.
For the last 52 weeks Reliance Steel (RS) has had a range from 68.62 on the low side to 97.41 on the high side. RS had a predictive moving average crossover to the upside on January 4th at $73 per share. Since that bullish signal, the market has rallied $16.86 or 23% in only 36 trading sessions. I never met a smooth uptrend I didn’t love!
Lockheed Martin (LMT) is a global aerospace, defense, security and advanced technologies company and it follows the same idea as the others. Traders can easily see that blue predictive line cross above the black line on January 9th at $264 per share. This was a clear indication that a bullish trend was beginning. UP, Up and Away. In only 37 trading sessions the market has rallied $42.22 per share.
Nike is the American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. Over the last 52 weeks, it has traded as low as 63.21 and as high as 86.40.
The predictive blue line signaled a buying opportunity on December 27th at $73.50 per share. Over the last 42 trading days, the market is up $12.42 per share or 16.85%.
Study the chart and you’ll see several easy very short-term swing trading opportunities by looking to buy at the predictive low price and sell at the predictive high price.
Roku manufactures digital media players. It has a market cap of $7.2 billion. Vantagepoint Power Traders saw and acted upon the bullish signal on January 2nd at 32.50 per share. In only 39 trading sessions the market is up a whopping $34.88 dollars per share or 106.61%. Incredible trend action and swing trading opportunities in this trend. During the month of February ROKU has been up 60%.