Hot Stocks Outlook for the Week of March 22nd, 2019
VantagePoint Software reviews five fresh stocks each week. The Hot Stocks Outlook uses VantagePoint market forecasts that are up to 86% accurate to demonstrate how traders can improve their timing and direction. The Hot Stocks Outlook uses VantagePoint’s market forecasts that are up to 86% accurate to demonstrate how traders can improve their timing and direction. In this week’s video, Vantagepoint Software reviews forecasts for Allergan Inc. ($AGN), HanesBrands Inc.($HBI), TG Therapeutics ($TGTX), Wynn Resorts ($WYNN) and Activision ($ATVI).
This Week’s Hot Stocks Outlook
Allergan Inc. ($AGN) is an Irish–tax registered pharmaceutical company that acquires, develops, and markets branded drugs, and in 2017 generated 80% net sales from the U.S. healthcare system. It has a market cap of over $51.13 billion. The 52 week range has been 125.84 on the low side and 197.00 on the high side. The artificial intelligence signaled an up trend on March 5th at $140. Since then the market has rallied 11% in 13 sessions. Vantagepoint power traders have had numerous opportunities to purchase weakness in this asset as the stock has retraced to below the predictive moving average. The predictive moving average trend is UP and the NeuralNet indicator is also positive. Vantagepoint Power Traders are positioned perfectly.
HanesBrands Inc.($HBI) is an American clothing company based in Winston-Salem, North Carolina. Over the last 52 weeks, it has traded as high as $22.75 and as low as 11.57. It has a market cap of $6.42 billion. The artificial intelligence signaled a downtrend on 3/1/19 at $18.52 a share. Power Traders are profitable with 6% profits over the month. The Neural net is negative as is the predictive moving average. This asset continues to make lower lows and lower highs which is the classic sign associated with a downtrend. Power traders are short, tightening up the stops and expecting further weakness ahead.
TG Therapeutics ($TGTX) is a biopharmaceutical company focused on the development of novel treatments for B-cell malignancies and autoimmune diseases. Over the last 52 weeks it has had a high of $16.27 and a low of $3.32. The market cap is $611 million. Power Traders receives a bullish signal on 2/8/19 at $4.25 a share. Since then the market has rallied 78% or $3.27 a share. PowerTraders are positioned perfectly in this bullish trend. The predictive moving average is positive and the NeuralNet is positive as well. Power Traders are using weakness in this asset to add to long positions.
Wynn Resorts ($WYNN) is an American publicly traded corporation based on the Las Vegas Strip, Nevada that is a developer and operator of high-end hotels and casinos. It was founded in 2002 by former Mirage Resorts Chairman and CEO Steve Wynn. Over the last 52 weeks, the market has traded as low as 90.06 and as high as $202.48. It has a market cap of $13.037 Billion. Power Traders receives a bearish trend signal on February 28th at $126.54. Since then the market has fallen over $7 per share. Power Traders are sitting on 5.5% profits on their open positions. As this analysis is being published the predictive moving average is turning positive and the Neural net indicator is also positive. Power Traders are covering shorts and looking for retracements to establish lower risk long positions.
Activision ($ATVI) is an American video game publisher based in Santa Monica. It currently serves as the publishing business for its parent company, Activision Blizzard, and consists of several subsidiary studios. Over the last 52 weeks, it has traded as low as $39.85 and as high as $84.68. It has a market cap of $37 billion. Power Traders were tuned in to a bullish trend signal on 3/8/19 at $42. Over the last few sessions this asset has tested $47 a share. Power Traders are up 11% over the last two weeks. The NeuralNet indicator and Predictive moving average are both positive. Power Traders are staying attuned to any weakness in this market and looking to add to their long positions.