ACH Stock – Quick Win: 15.55% Return in 7 Days

ACH Stock – Quick Win

On August 3rd, 2015, The I Know First algorithm gave a bullish signal of 23.16 for the ticker ACH (Aluminum Corporation of China), which had a strong predictability indicator of 0.47. In accordance with the algorithm’s prediction, ACH spiked 15.55% in the following 7 days.

ACH Stock


Aluminum Corporation of China Limited, is a state-owned, multinational aluminium company headquartered in Beijing, People’s Republic of China. It is the world’s second-largest alumina producer and third-largest primary aluminium producer.

In trading on last Thursday, shares of ACH entered into oversold territory, changing hands as low as $8.44 per share. At that moment the company’s shares were losing 16.02% on a 4-week basis, with a 52-week high of the share price at $17.44 and a 52-week low of the share price at $8.36 The company then received recommendations from many analysts, with most of them being very bullish.

Then on Monday, for the first time since Chinese authorities stepped in to prop up the market last month, equity prices increased without clear signs of state intervention. Instead, traders piled into shares that would benefit from reform of government-run companies, an echo of the speculative buying that characterized the Chinese market before it began a nearly $4 trillion plunge in June. China Shipbuilding Industry Co. and Aluminum Corp. of China Ltd. (ACH) were among state-owned firms that rose by the 10 percent daily limit.