Algorithmic Trading: Up To 21.38% Return In 7 Days
Algorithmic Trading
This Basic Industry Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Basic Industry (See Industry Package). It includes 20 stocks with bullish and bearish signals and indicates the best basic industry stocks to buy:
- Top 10 Basic Industry stocks for the long position
- Top 10 Basic Industry stocks for the short position
Package Name: Basic Industry
Forecast Length: 7 Days (03/25/16 – 04/01/16)
I Know First Average: 5.82%
This week forecast from the Basic Industry package starting on March 25th had 10 out of 10 stocks increase as the algorithm predicted. GGB had the best performance during the predicted time horizon with a solid return of 21.38%. Other stocks with positive performances during the same time horizon were KTOS and VALE, with returns of 10.77% and 6.93%. The I Know First Average was an decent returns of 5.82% compared to the S&P500 of just 1.17%.
GGB (Gerdau), is a Brazilian producer of long steel and is one of the biggest market players in in the steel industry in the Americns. The Brazilian steel gaints also the world’s 14th largest steelmaker with more than 45,000 employees across 14 countries. The steel company’s boom in stocks in likely due to Merrill Lynch, the American bank, recommending to buying the Brazilian company as a way of tapping a growth recovery in the country.
How to interpret this diagram
Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.
