Algorithmic Trading Strategies: Return up to 15.02% in 7 Days

Algorithmic Trading Strategies

This top 10 stocks to buy forecast is part of the “Top 10 Stock Picks” package, as one of I Know First’s algorithmic trading tools. The full Top 10 Stock Picks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

  • top ten stocks pick to long
  • top ten stocks pick to short
  • S&P 500 forecast

top 10 stocksPackage Name: Top 10 Stocks
Forecast Length: 7 Days (05/16/16 – 05/23/16)
I Know First Average: 2.37%

algorithmic trading strategies

In this 7-day forecast from the algorithm, 7 out of 10 stocks increased as predicted in addition to the S&P 500’s growth of 0.07%. The average return for the forecast was 2.37% with the highest stock return being 15.02% from AKRX. WPZ also returned 4.07% and MIC returned 2.99%.

Akorn, Inc. (AKRX), a specialty generic pharmaceutical company, develops, manufactures, and markets generic and branded prescription pharmaceuticals, as well as private-label over-the-counter (OTC) consumer health products and animal health pharmaceuticals in the United States and internationally. Billionaire investor John Paulson is bullish on Akron and his firm recently increased its stake in the company to become its second-largest shareholder.

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.