Hot Stocks Outlook for the Week of May 4th, 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 Ulta Beauty ($ULTA), HollyFrontier ($HFC), Valero Energy ($VLO), Kellogg ($K), and Citrix Systems ($CTXS).
This Week’s Hot Stocks Outlook
Ulta Salon & Cosmetics ($ULTA) 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 19 trading days, $ULTA was up 20.41% or $42.18 per share.
HollyFrontier ($HFC) follows a similar pattern. VantagePoint reviewed this market several weeks ago on the Hot Stocks Outlook and it’s really had an impressive run. The market had a crossover to the upside in early-March when that blue line made the cross above the black line. The neural index also reflected that strength. All of this indicated to traders that the trend was now up and to go in and start going long. Since that crossover, the market was up almost 45% in 41 trading days or $19.87 per share.
Valero Energy ($VLO) also had a bullish crossover in early-April. 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. Since that crossover 20 days ago, $VLO is up almost 20% or $18.60 per share.
Kellogg ($K) follows the same idea but to the downside. That market had a bearish crossover in early-April, and then had a bit of sideways movement early on before moving lower. But traders knew, with confidence, that they could begin shorting the market when the predictive indicators in VantagePoint showed that crossover to the downside. Since that crossover of the blue line 13 trading days ago, the market was down over112% or $7.11 per share.
Citrix Systems ($CTXS) 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 weakness and consolidation in the late part of April, that trend direction did not change. Thanks to VantagePoint, traders knew to continue going long. In 17 trading days, Citrix Systems was up 12.10% or $11.27 per share.