Trend Following: Up to 102.90% Return in 90 Days

Trend Following

This Biotech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Biotechnology Industry (See Industry Package). It includes 20 stocks with bullish and bearish signals and indicates the best biotech stocks to buy:

  • Top 10 biotech stocks for the long position
  • Top 10 biotech stocks for the short position

Package Name: Industry Package – Biotech Stocks
Forecast Length: 3 Months (04/29/15 – 07/29/15)
I Know First Average: 13.03%

Trend Following

I Know First’s three-month forecast from the industry package had 7 of the 10 stocks increase in accordance with the algorithm’s prediction.  EXEL performed phenomenally well, returning 102.90% during the three-month time horizon as the algorithm indicated. Likewise, TEVA and EW were also included in the top 10 picks of the industry forecast and had strong returns of 16.27% and 18.37% respectively over three months. The average return of 13.03% during the forecasted time horizon easily outperformed the S&P 500 average return of -0.29% during the same time.

Exelixis (EXEL), a bio-pharmaceutical company specialized in the cancer treatment, announced positive results of its test for an innovative cancer drug. The test showed that this drug significantly reduces the probability of patients deaths. As a result, the stock soared 50% in one-day on July 20th.

Teva Pharmaceutical Industries (TEVA) is an Israeli Biotech giant, enjoying over 20 Billion dollars of revenue for the last 3 years with tens of thousands of employees all across the globe. Teva pharmaceuticals stock enjoyed a 16.4% gain on July 27th as news broke out that the company has struck a deal with Allegran to acquire its generic medicine business operations for nearly 41 billion dollars.

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.