Best Biotech Stocks Based on Machine Learning: Returns up to 48.61% in 7 Days

Best Biotech Stocks

The BioTech Stocks Package is designed for investors and analysts who need predictions of the best stocks to buy for the whole Biotechnology Industry. It includes 20 stocks with bullish and bearish signals and indicates the best biotech stocks to trade:

  • Top 10 Biotech stocks for the long position
  • Top 10 Biotech stocks for the short position

BioTech Stocks
Package Name: Biotech Stocks Forecast
Recommended Positions: Long
Forecast Length: 7 Days (6/17/2020 – 6/24/2020)
I Know First Average: 10.17%
Best Biotech Stocks
Best Biotech Stocks chart

For this 7 Days forecast the algorithm had successfully predicted 8 out of 10 movements. NVAX was the highest-earning trade with a return of 48.61% in 7 Days. DVAX and CLDX saw outstanding returns of 24.05% and 19.41%. The package saw an overall yield of 10.17% versus the S&P 500’s return of -2.38% implying a market premium of 12.55%.

Novavax, Inc. (NVAX) is a clinical stage biotechnology company. The Company creates novel vaccines to address a broad range of infectious diseases worldwide using proprietary virus-like particle (VLP) technology.

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 subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.