Biotech Stocks Based on Algo Trading: Returns up to 87.6% in 3 Months

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: 3 Months (9/13/2020 – 12/14/2020)
I Know First Average: 22.23%
Biotech Stocks
Biotech Stocks chart

This Biotech Stocks Forecast Package forecast had correctly predicted 8 out of 10 stock movements. The top performing prediction from this package was IMGN with a return of 87.6%. CLDX and NVAX also performed well for this time horizon with returns of 51.87% and 35.88%, respectively. This algorithmic forecast package presented an overall return of 22.23% versus S&P 500’s performance of 9.17% providing a market premium of 13.06%.

ImmunoGen, Inc. (IMGN), a biotechnology company, develops targeted anticancer therapeutics. The company develops its products using its antibody-drug conjugate (ADC) 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.