Amazon Surges Over 10% In 1-Month As Predicted

Amazon (AMZN)

Amazon (AMZN) was a top 10 stock pick recommended to I Know First subscriber on May 7th for the 1-month time horizon. Amazon had a strong signal of 21.23 and a predictability of 0.21. As predicted, AMZN surged 10.86%.

The company has gotten a lot of attention recently as Amazon tweeted a surprise invitation for a new product launch on June 18th. The product was hinted at in a tweet that many are reporting as a smartphone. In addition to the tweet Amazon released a YouTube video experiencing the object, however you never actually see the product, only their reactions.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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