Best Stocks To Short: An Average Return of 22.02% in 3 Months

Best Stocks To Short

This forecast is part of the “Top 10 Stock Picks” package, as one of I Know First’s algorithmic trading tools. The full Top 10 Stock Picks forecast includes a daily predictions for a total of 20 stocks with bullish and bearish signals:

  • top ten stocks picks to long
  • top ten stocks picks to short
  • S&P 500 forecast

Package Name: Top 10 Stocks
Forecast Length: 3 Months (5/17/2015 – 8/17/2015)
I Know First Average: 22.02%

Get the “Top 10 Stocks”-Package

Best Stocks To Short

All the 10 stocks included in the Top 10 Stocks forecast from 05/17/15 decreased in accordance with the algorithm’s prediction for the 3 Months time horizon. The top performing stock was Companhia Energetica Minas Gerai (NYSE:CIG) with incredible returns of 49.81%. Petroleo Brasileiro Petrobras SA, (NYSE:PBR) and Devon Energy Corp (NYSE:DVN) also posted outstanding returns of 41.56% and 29.27% during that time period, offering large returns to investors. Investors using the I Know First service who invested evenly in these stocks would have outperformed the S&P 500 average of -0.96% by 21.06% during the predicted time horizon.

Shares of CIG traded close to their lowest level in a year. The Electric-Integrated company’s share price is currently trading 2.38% above its 52-week-low. The 1-year stock price history is in the range of $2.52 – $8.83. Cia Energetica de Minas Gerais (ADR) is currently valued at $3.25 billion. The stock has a 50-day moving average of $3.16 and a 200-day moving average of $4.15.

There are currently nine analysts that cover Cia Energetica de Minas Gerais (ADR) stock. Of those nine, one has a Buy rating, seven have a Hold rating and one has a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $13.14.

Algorithmic traders utilise 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