Algo Trading: Up To 20.65% Return In 7 Days

Algo Trading

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: Biotech Stocks
Forecast Length: 7 Days (9/1/15 – 9/8/15)
I Know First Average: 5.92%

Algo Trading

9 of the 10 stocks included in the Biotech Industry Package forecast from 9/1/15 increased in accordance with the algorithm’s prediction for the 7-day time horizon. The top performing stocks was Amicus Therapeutics Inc. (FOLD) with returns of 20.65%. Other stocks that also posted outstanding returns were Neurocrine Biosciences Inc. (NBIX) and Kite Pharma, Inc. (KITE). They had returns of 9.53% and 8.22% during that time period, offering large returns to investors. Investors using the I Know First service who invested evenly in these stocks would have generated a return of 5.92% during the predicted time horizon. 

Amicus (FOLD) announced that it will acquire Scioderm. Thanks to this acquisition, Amicus will expand its rare disease drugs, especially for skin sicknesses. Scioderm is being bought by $229 million in cash and Amicus stock. Scioderm is waiting approvals for one of its orphan disease drug and if they obtain it, Amicus will add some cash to acquire Scioderm.

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.