Best Biotech Stocks Based On Artificial Intelligence: Up to 49.62% Return in One Month

Best Biotech Stocks

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: Industry Package – Biotech Stocks

Forecast Length: 1 Month (6/23/15 – 7/23/15)

I Know First Average: 4.44% (Long) and 8.16% (Short)

Best Biotech Stocks

The Industry Package forecast from 6/23/2015 included the top 10 stocks for both the long and short positions within one month. The most impressive stock for the long position was EXEL with a return of 49.62%. Other top performing stocks from the forecast were SRPT and TECH with solid returns of 8.42% and 6.22% respectively.

Exellixis Inc. (EXEL), a US based biopharmaceutical company that develops and sells small molecule therapies for the treatment of cancer, saw its share soar on July 20th by more than 50% following news of the release of positive phase 3 trial data from a test of its cancer drug cabozantinib (Cometriq) against everolimus (Afinitor), which shows the former significantly improved patients’ chances of survival or prevented their cancer from worsening compared to the latter.

For the short position, the top performing stock was XOMA which drastically decreased by -75.70% as the algorithm correctly predicted.

XOMA Corporation (XOMA) discovers and develops antibody-based therapeutics in the United States, Europe, and the Asia Pacific. The biotechnology crashed 81% in premarket trade on July 22nd, after the company said a late-stage trial of its treatment (gevokizumab) for Behcet’s disease in the eye missed the primary endpoint. The stock then traded below $1 for the first time and has continuously traded below the $1 threshold since.

The change in GEVA stocks do not show as their shows stopped trading on 22nd of July.

The average return for the long position was 4.44%, while the average return for the short position was 8.16%. These average returns significantly outperformed the S&P 500 return during the same time horizon.

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.