VantagePoint Hot Stocks Outlook for the Week of October 5th, 2018
Hot Stocks Outlook for the Week of October 5th, 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 VantagePoint review video, we analyze forecasts for Apache ($APA), Denbury Resources ($DNR), Barrick Gold ($ABX), Waste Management ($WM), Wells Fargo ($WFC), and Williams-Sonoma ($WSM).
This Week’s Hot Stocks Outlook
Apache ($APA) had a predictive moving average crossover to the upside in early-September indicating a bullish trend. As soon as the blue line crossed above the black line, VantagePoint Power Traders knew they should start taking long positions in this market because the trend was bullish. In 15 trading days, $APA was up 10.16% or $4.51 per share.
Denbury Resources ($DNR) follows the same idea. The market had a crossover to the upside in mid-September 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 23% in 11 trading days or $1.20 per share.
Barrick Gold ($ABX)
Barrick Gold ($ABX) had a great bull run. You can see that blue line crossed above the black line in mid-September, which was a clear indication that a bearish trend was beginning. In 18 trading days, $ABX was up 14.62% or $1.48 per share.
Waste Management ($WM)
Waste Management ($DLR) follows a similar pattern, but to the downside. That market had a bearish crossover in mid-September. Traders knew, with confidence, that they could begin shorting this market when that crossover of the blue line below the black line. We also received double confirmation when the neural index turned red and confirmed that short-term weakness.
Wells Fargo ($WFC)
Wells Fargo ($WFC) is also bearish. In 21 trading days, the market was down 10.45% or $6.15 per share.
Williams-Sonoma ($WSM) also had a bearish trend that began when that blue line crossed below the black line starting in early-September. In 18 trading days, Williams-Sonoma was down 10.21% or $7.18 per share.
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