Stock Outlook: Up To 16.82% Return In 3 Days

Stock Outlook

This forecast is part of the “Top 10 Stock Picks” package, as one of I Know First’s algorithmic trading tools. The full Top 10 Stock Picks forecast includes a daily predictions for a total of 20 stocks with bullish and bearish signals:

  • top ten stocks picks to long
  • top ten stocks picks to short
  • S&P 500 forecast

Package Name: Top 10 Stocks
Recommended Positions: Long
Forecast Length: 3 Days (8/26/15 – 8/29/15)
I Know First Average: 9.36%

Stock Outlook

I Know First’s 3-day forecast from the Top 10 Stocks package had all 10 stocks increase in accordance with the algorithm’s prediction. Newfield Exploration (NFX) performed extremely well, returning 16.82% during the time horizon as the algorithm indicated. Likewise, Devon Energy, Inc.(DVN) and Alnylam Pharmaceuticals (ALNY) were also included in the top 10 picks of the Top 10 Stocks forecast and had strong returns of 15.21% and 13.95% over 3 days. The average return of 9.36% during the forecasted time horizon outperforming the S&P 500 return of 6.49% during the same time.

Devon Energy has increased significantly as the oil prices rally during the past 3 days. In fact, the US Energy Information Administration announced that the crude inventories have decreased that means that either the demand has increased or the supplies has decreased. In both case, crude prices rise which is a positive news for Devon Energy company. It is an independent company which explores and produces oil and natural gas.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First algorithmic traders.

How to interpret this diagram

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.