Best Short Term Stocks based on Algorithms: An Average Return of 8.55% In 1 Week

Best Short Term Stocks

This Biotech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Biotechnology Industry. 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 position24 07 2013 10 48 51 Best Investments Based on Algorithms: 8.19% Gain in 14 Days

Package Name: Industry Package – Biotech Stocks
Forecast Length: 1 Week (07/14/15 – 7/21/15)
I Know First Average: 8.55%

Best Short Term Stocks

I Know First’s 1 Week forecast from the Biotech Stocks package had 9 of the 10 stocks increase in accordance with the algorithm’s prediction.  EXEL, ALNY performed extremely well, returning 59.63%, 6.15%, during the time horizon as the algorithm indicated. Likewise, VRTX and MDVN were also included in the top 10 picks of the Biotech Stocks forecast and had strong returns of 5.42% and 5.35% over 7 days. The average return of 8.55% during the forecasted time horizon easily outperformed the S&P 500 return of 0.93% during the same time.

Alnylam Pharmaceuticals (NASDAQ:ALNY), a biopharmaceutical company engaged in the research and development of therapeutics based on the ribonucleic acid interference (RNAi), last announced its earnings results on Thursday, May 7th. The biopharmaceutical company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.04. The company had revenue of $18.51 million for the quarter, compared to the consensus estimate of $15.40 million. During the same quarter last year, the company posted $0.39 earnings per share.

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.