Hot Stocks Outlook for the Week of September 21st, 2018
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. In this week’s video, we analyze forecasts for Snap-On ($SNA), CBOE Holdings ($CBOE), Applied Materials ($AMAT), Wells Fargo ($WFC), and Sally Beauty Holdings ($SBH).
This Week’s Hot Stocks Outlook
Snap-On ($SNA) had a predictive moving average crossover to the upside in early-August 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 because the trend was bullish. In 32 trading days, $SNA was up 10.91% or $18.39 per share.
CBOE Holdings ($CBOE) follows a similar pattern. The market had a crossover to the upside in mid-August when that blue line made the cross above the black line. The neural index also reflected that short-term strength moving from red to green. Since that bullish crossover, the market was up almost 13% in 24 trading days or $12.15 per share.
Applied Materials ($AMAT) follows this general idea, but to the downside. You can see that blue line crossed below the black line in early August and was a clear indication that a bearish trend was beginning. In 26 trading day, $AMAT was down 19.73% or $9.59 per share.
Wells Fargo ($WFC) follows $AMAT to the downside as well. That market had a bearish crossover in late-August. Traders knew, with confidence, that they could begin shorting this market when that crossover of the blue line below the black line. Since that crossover of the blue line 12 trading days ago, the market was down over 6% or $3.56 per share.
Sally Beauty Holdings ($SBH) has been having a great bullish run. The market had the blue line cross above the black line starting in mid-August indicating to traders that the trend was bullish and to start going long in the markets. This uptrend was long, and the lines never crossed. So traders knew it was bullish the entire time. In 20 trading days, the market was up 21.33% or $3.17 per share.