Biotech Stocks Based on Algorithmic Trading: Returns up to 13.77% in 14 Days

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: 14 Days (10/2/2019 – 10/16/2019)
I Know First Average: 5.02%
Biotech Stocks
Biotech Stocks chart

The algorithm correctly predicted 7 out 10 of the suggested trades in the Biotech Stocks Forecast Package for this 14 Days forecast. AKRX was our best stock pick this week a return of 13.77%. CLDX and MDCO also performed well for this time horizon with returns of 13.21% and 11.5%, respectively. The package had an overall average return of 5.02%, providing investors with a 3.34% premium over the S&P 500’s return of 1.68% during the period.

Akorn, Inc., a specialty generic pharmaceutical company, develops, manufactures, and markets specialized generic and branded pharmaceuticals, over-the-counter (OTC) drug products, and animal health products in the United States and internationally.

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.