Best Stocks To Short Based On Algorithms: An Average Return of 6.11% in 3 Days

Best Stocks To Short Based On Algorithms

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 Days (8/19/2015 – 8/22/2015)
I Know First Average: 6.11% (Short)

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top 10 short SnP 500

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 day time horizon. The top performing stock was Transocean Ltd. (RIG) with decent return of 9.17%. Pioneer Natural Resources Co, (PXD) and Energy Transfer Partners (ETP) also posted outstanding returns of 7.82% and 7.14% 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 -6.01% by 12.12% during the predicted time horizon.

The Swiss-based offshore drilling contractors have suffered a heavy fall in their stock prices. The company, who rents floating mobile drill rigs, along with the equipment and personnel for operations, have seen their share plummet by 9.17% when markets closed last week. The main reasoning for this is the downward trending oil market which has seen a massive glut in supply. Furthermore, the recent fall in the two largest economies, USA and China, have also added to the negative stocks.

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.

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