5 Stocks To Have On Your Radar Next Week

The following stocks are currently in the midst of notable trends according to VantagePoint, an AI charting platform that uses intermarket analysis and artificial intelligence to predict future price action 1-3 days in advance. For a more detailed look at VantagePoint's charts, click here.

Viacom

Viacom, Inc. VIAB had been in a clear uptrend in the second half of September, as you can see in the chart below when the blue predicted moving average crossed above the black 10-day moving average. During this time, shares of VIAB rose 17 percent. 

But VantagePoint's predicted moving average has converged with the 10-day moving average, indicating that the uptrend is weakening. Next week will go a long way in showing whether the uptrend continues or the stock moves into a downtrend.

TG Therapeutics

TG Therapeutics TGTX has been in a strong downtrend since it had a big red candle on Sept. 4. Since then, the stock has collapsed a stunning 58 percent. 

According to VantagePoint, we should expect this downtrend to continue next week. The predicted and actual moving averages have only diverged further, and the neural index's shift to green this week did not produce upward movement in the stock. TGTX looks like one to play on the downside.

Radiant Logistics

Radian Logistics RLGT has enjoyed a very nice 25 percent pop since reporting Q3 earnings on Sept. 13. Despite some intermittent days of weakness since then, this uptrend looks primed to continue as long as the stock can hold the $5.50 level.

Digital Reality 

Digital Reality Trust DLR has fallen off a cliff since Sept. 22, falling 8 percent after they announced a $1.8 billion acquisition. Not only is this downtrend expected to continue, but it's actually gotten stronger in recent days. The next significant level of support appears to be $105. 

Exxon Mobil

Exxon Mobil Corporation XOM has enjoyed a nice rally with oil since mid-August, during which the stock has risen 10 percent. Though that uptrend appears to have weakened (the neural index forecasting near-term strength and weakness has turned red), XOM should hold its recent gains. But the uptrend is in a precarious position as of Friday afternoon, so this will be one to watch going into next week. 

VantagePoint Software is a content partner of Benzinga. To see what their indicators say about other stocks, futures, commodities or ETFs, or to get a free demo, click here.

Market News and Data brought to you by Benzinga APIs
Posted In: Long IdeasShort IdeasTechnicalsPreviewsMarketsMoversTrading Ideasvantagepoint
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...