Hot Stocks Outlook for the Week of May 11th, 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 Masimo Corporation ($MASI), Mylan ($MYL), Procter & Gamble ($PG), Denbury Resources ($DNR), and SRC Energy ($SRCI).
This Week’s Hot Stocks Outlook
Masimo Corporation ($MASI) had a predictive moving average crossover to the upside in early-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. In 18 trading days, $MASI was up almost 14% or $11.77 per share.
Mylan ($MYL) follows a similar pattern, but to the downside. The market had a crossover to the downside in mid-April when that blue line made the cross below the black line. The neural index also reflected that short-term weakness. All of this indicated to traders that the trend was now down and to go in and start shorting the market. Since that crossover, the market was down almost 11% in 13 trading days or $4.12 per share.
Procter & Gamble ($PG) also had a bearish crossover in early-April. Despite whatever trading strategy that traders are following, that blue line crossed below the black line and was a clear indication that a downtrend was beginning. Since that crossover 20 days ago, $PG was down 8.04% or $6.32 per share.
Denbury Resources ($DNR) follows the same idea but to the upside. That market had a bullish crossover in early-April. 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 24 trading days ago, the market was up over 36% or $1.01 per share.
SRC Energy ($SRCI) had a very clear crossover to the upside. When the blue line crossed above the black line, that’s when traders new the trend was beginning and to start going long. It’s that simple! Despite a period of consolidation in the late part of April, that trend direction did not change. Thanks to VantagePoint, traders knew to continue going long. In 21 trading days, SRC Emergy was up 27.22% or $2.61 per share.