Algo Trading: PTX Returns 23.05% in 1 Week

Algo Trading

Algo Trading: This high risk, high reward stock forecast is part of the “Risk-Conscious” package, as one of I Know First’s quantitative investment solutions. We determine our aggressive stocks and conservative stock picks by screening our stock market algorithm daily for higher volatility stocks that present more opportunities but are also riskier. The full Risk-Conscious Package includes a daily forecast for a total of 40 stocks with four main categories:

  • top ten aggressive stocks pick that best fit for long position
  • top ten aggressive stocks pick that best fit for short position
  • top ten conservative stocks pick that best fit for long position
  • top ten conservative stocks pick that best fit for short position

Package Name: Risk-Conscious
Recommended Positions: Long
Forecast Length: 7 Days (07/27/16 – 08/03/16)
I Know First Average: 5.06%

Algo Trading

In this forecast,  7 out of 10 top stocks increased as predicted by the algorithm with PTX being the stock with the highest return of 23.05%. Other stocks that had strong return were EXAS with a return of 12.83% and NRP with a return of 8.49%. The average return for this package was 5.06% as opposed to the S&P 500’s negative growth of 0.25% in the same time period.

Pernix Therapeutics. (PTX) is a specialty pharmaceutical business with a focus on acquiring, developing and commercializing prescription drugs primarily for the U.S. market.

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.