Algo Trading: Returns of up to 89.29% in One Year

Algo Trading

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

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

Package Name: Tech Stocks
Recommended Positions: Long & Short
Forecast Length: 1 Year (08/01/14 – 08/01/15)
I Know First Average: 32.25% Long; 16.15% Short

Get the “Tech Stocks”-Package

Algo Trading

In the recent 09/01/14 forecast that was part of the Tech Stocks package, ten of the ten stocks for the long position increased in accordance with the algorithm’s prediction. The top performing stock for the long position was NFLX with an impressive return of 89.29%, while AMZN and ACLS also had spectacular returns of 71.30% and 68.57%. For the short position, the stock that decreased the most was AMD with a loss of -50.64%, whilst MU and BIDU also posted significant losses of -39.41% and -20.08% as the algorithm predicted. The average returns for the long and short positions were 32.25% and 16.15%, both of which were significantly higher that the S&P 500 return of 8.51% during the same time period.

Netflix (NFLX) has seen outstanding results over the course of the year. The online video-on-demand website has significantly  increased its user base. The number of  subscribes the company has, has increased by 3.3 million in the second quarter compared with the previous quarter of only 900,000 subscribes. Furthermore,  Netflix is also acquiring international success, this can be seen by the increase of 2.4 million subscribers outside of the US.

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.

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